tiprankstipranks
Trending News
More News >

Ninety One Announces Share Repurchase as Part of Strategic Program

Story Highlights
Ninety One Announces Share Repurchase as Part of Strategic Program

Confident Investing Starts Here:

Ninety One ( (GB:N91) ) has shared an announcement.

Ninety One plc announced the repurchase of 144,683 of its ordinary shares, which will be cancelled, as part of its ongoing share repurchase program. This move is likely aimed at optimizing the company’s capital structure and potentially enhancing shareholder value, reflecting a strategic decision to manage its equity base effectively.

The most recent analyst rating on (GB:N91) stock is a Sell with a £1.25 price target. To see the full list of analyst forecasts on Ninety One stock, see the GB:N91 Stock Forecast page.

Spark’s Take on GB:N91 Stock

According to Spark, TipRanks’ AI Analyst, GB:N91 is a Neutral.

Ninety One’s stock is buoyed by strong cash flow and an attractive valuation, despite challenges like declining revenue and high leverage. The strategic partnership with Sanlam and share repurchases offer growth potential. However, technical indicators suggest caution, and market volatility remains a risk.

To see Spark’s full report on GB:N91 stock, click here.

More about Ninety One

Ninety One is an independent investment manager founded in South Africa in 1991. It operates globally, offering a range of active investment strategies to its international client base. The company is listed on both the London and Johannesburg Stock Exchanges.

Average Trading Volume: 823,056

Technical Sentiment Signal: Buy

Current Market Cap: £2.86B

For an in-depth examination of N91 stock, go to TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App