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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.