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Investec Group (LON:INVP) Stock Crosses Above 200 Day Moving Average - Here's Why

Investec Group logo with Financial Services background

Investec Group (LON:INVP - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 564.98 ($7.33) and traded as high as GBX 609.50 ($7.90). Investec Group shares last traded at GBX 603 ($7.82), with a volume of 1,017,591 shares trading hands.

Investec Group Stock Up 1.3 %

The business's 50 day moving average is GBX 579.35 and its two-hundred day moving average is GBX 566.23. The firm has a market capitalization of £3.89 billion, a P/E ratio of 886.76, a PEG ratio of 0.67 and a beta of 1.05.

Insider Buying and Selling

In related news, insider Stephen Koseff sold 193,557 shares of the business's stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of GBX 580 ($7.52), for a total value of £1,122,630.60 ($1,455,881.99). Insiders have sold 326,375 shares of company stock worth $264,268,180 in the last ninety days. 4.96% of the stock is currently owned by corporate insiders.

About Investec Group

(Get Free Report)

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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