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Ninety One ( (GB:N91) ) just unveiled an announcement.
Ninety One PLC has initiated a share repurchase program, recently buying 45,566 of its ordinary shares through Citigroup Global Markets Limited. These shares, acquired at an average price of 209.6100 GB pence, will be canceled, marking a strategic move to enhance shareholder value and optimize capital structure, reflecting the company’s proactive approach to managing equity.
The most recent analyst rating on (GB:N91) stock is a Hold with a £209.00 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 Outperform.
Ninety One’s overall stock score is driven by its strong financial performance and attractive valuation, supported by positive earnings call insights and strategic corporate actions. While technical indicators suggest some caution, the company’s robust fundamentals and strategic initiatives position it well for future growth.
To see Spark’s full report on GB:N91 stock, click here.
More about Ninety One
Ninety One is an independent investment manager established in South Africa in 1991. The company operates globally, providing a variety of active investment strategies to its international client base. Ninety One is publicly listed on both the London and Johannesburg Stock Exchanges.
Average Trading Volume: 693,479
Technical Sentiment Signal: Buy
Current Market Cap: £3.64B
See more insights into N91 stock on TipRanks’ Stock Analysis page.