Ninety One Shares Continue to Decline Following Downgrade

Ninety One plc (LON: N91) shares continued to slide Wednesday following a downgrade from analysts at JPMorgan the previous day, which sent the stock over 1% lower.

The US investment bank cut its rating for the stock to Underweight from Neutral, lowering the price target to 159p from 165p a share in a research note to clients.

The bank’s analysts told investors that the company’s macro outlook for 2025 indicates declining rates for European diversified financials.

They believe that this should be favourable for transaction activity and net flows shifting into higher-risk investments, benefitting wealth managers, private markets, brokers and asset managers.

However, JPMorgan adds that it is adjusting its rating lower for the stock, as similar to 2024, there could be volatility ahead based on politics and consolidation. The rating change is part of the bank’s 2025 outlook.

Ninety One shares are down around 1.1% at the time of writing, trading just above the 156p mark. So far this year, the company’s stock has declined approximately 13.9%, while over the last 12 months, it is down 10%.

Earlier this year, analysts at Deutsche Bank initiated coverage of Ninety One with a Hold rating and 165p price target.