Investec Group (LON:INVP) Shares Cross Above 200-Day Moving Average of $555.03

Investec Group (LON:INVP - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 555.03 ($7.42) and traded as high as GBX 574.58 ($7.69). Investec Group shares last traded at GBX 569 ($7.61), with a volume of 683,284 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank increased their price target on Investec Group from GBX 540 ($7.22) to GBX 660 ($8.83) and gave the company a "buy" rating in a report on Friday, June 28th.

Investec Group Stock Performance

The company has a market cap of £3.61 billion, a P/E ratio of 833.08, a P/E/G ratio of 0.67 and a beta of 1.09. The business has a fifty day simple moving average of GBX 580.10 and a 200 day simple moving average of GBX 555.52.

Insider Transactions at Investec Group

In other news, insider Stephen Koseff sold 31,995 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of GBX 591 ($7.91), for a total transaction of £189,090.45 ($252,929.98). In the last ninety days, insiders have sold 326,375 shares of company stock worth $264,268,180. 4.96% of the stock is currently owned by company insiders.

Investec Group Company Profile

Investec Group engages in the provision of various financial products and services in South Africa, the United Kingdom, and internationally. The company provides private banking services; wealth services, including wealth and portfolio management, stockbroking, and offshore and retirement investment, and intergenerational wealth solutions; savings accounts; personal and property financing, and finance for practice; and insurance solutions covering severe illness, disability, life, mortgage and income protection, and business overloads.