Ninety One Strengthens Employee Benefit Trusts with Share Acquisitions

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

Ninety One has announced the on-market acquisition of ordinary shares by its Employee Benefit Trusts. The Ninety One Guernsey Employee Benefit Trust acquired 4,151,246 ordinary shares of Ninety One plc for £7,190,000 on the London Stock Exchange. Concurrently, The Ninety One South Africa Employee Benefit Trust purchased 1,027,471 ordinary shares of Ninety One Limited for R42,129,907 on the Johannesburg Stock Exchange. These transactions reflect the company’s commitment to employee benefit schemes and may enhance stakeholder confidence in its operational strategies.

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 incorporated in both South Africa and the United Kingdom. It operates in the financial services industry, focusing on investment management. The company is listed on both the Johannesburg Stock Exchange (JSE) and the London Stock Exchange (LSE), offering a range of investment products and services to a global clientele.

YTD Price Performance: 20.71%

Average Trading Volume: 907,468

Technical Sentiment Signal: Strong Buy

Current Market Cap: £3.04B

Learn more about N91 stock on TipRanks’ Stock Analysis page.