Investec Group (LON:INVP - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 562.74 ($7.31) and traded as high as GBX 600 ($7.79). Investec Group shares last traded at GBX 589.50 ($7.65), with a volume of 360,618 shares trading hands.
Analyst Ratings Changes
Separately, Berenberg Bank boosted their price target on Investec Group from GBX 540 ($7.01) to GBX 660 ($8.57) and gave the company a "buy" rating in a research note on Friday, June 28th.
Read Our Latest Research Report on INVP
Investec Group Price Performance
The firm has a market cap of £3.80 billion, a price-to-earnings ratio of 866.91, a P/E/G ratio of 0.67 and a beta of 1.05. The business has a 50-day moving average of GBX 578.18 and a 200-day moving average of GBX 563.14.
Insider Activity at Investec Group
In related news, insider Stephen Koseff sold 193,557 shares of Investec Group stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of GBX 580 ($7.53), for a total transaction of £1,122,630.60 ($1,457,583.23). Insiders sold a total of 326,375 shares of company stock valued at $264,268,180 over the last quarter. 4.96% of the stock is owned by corporate insiders.
About Investec Group
(
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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.
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