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The latest update is out from Ninety One ( (GB:N91) ).
Ninety One plc announced the repurchase of 90,000 of its ordinary shares, which will be cancelled, as part of its share repurchase programme initiated earlier this year. This move is likely to impact the company’s market positioning by potentially increasing shareholder value and optimizing capital structure.
The most recent analyst rating on (GB:N91) stock is a Buy with a £220.00 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 strong financial performance and attractive valuation are the most significant factors driving its stock score. The company’s robust profitability and cash flow management, combined with a low P/E ratio and high dividend yield, provide a compelling investment case. Technical indicators suggest positive momentum, although the RSI indicates caution due to near-overbought conditions. Corporate events further reinforce the company’s strategic positioning and governance strength.
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, operating globally with a range of active strategies for its international client base. It is listed on the London and Johannesburg Stock Exchanges.
Average Trading Volume: 876,733
Technical Sentiment Signal: Buy
Current Market Cap: £3.31B
For an in-depth examination of N91 stock, go to TipRanks’ Overview page.