Ninety One Completes Acquisition of Sanlam Investments UK Business

The latest announcement is out from Ninety One ( (GB:N91) ).

Ninety One has completed the acquisition of Sanlam Investments UK Limited’s active asset management business, strengthening its position as a primary active asset manager for a portion of Sanlam’s assets. This strategic move is part of a broader long-term partnership with Sanlam, enhancing Ninety One’s market presence. Additionally, Ninety One has issued new shares as consideration for the acquisition, which have been successfully listed on both the London and Johannesburg Stock Exchanges.

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 a dual-listed company operating in the financial services industry, primarily focusing on asset management. The company is incorporated in both South Africa and the UK, and its shares are traded on the Johannesburg Stock Exchange and the London Stock Exchange.

Average Trading Volume: 929,081

Technical Sentiment Signal: Buy

Current Market Cap: £3.02B

See more data about N91 stock on TipRanks’ Stock Analysis page.