Investec Group (LON:INVP) Price Target Raised to GBX 660 at Berenberg Bank

Investec Group (LON:INVP) had its target price increased by equities research analysts at Berenberg Bank from GBX 540 ($6.85) to GBX 660 ($8.37) in a research report issued on Friday, Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 11.20% from the stock’s previous close.

Investec Group Stock Performance

LON INVP opened at GBX 593.50 ($7.53) on Friday. The firm has a 50-day moving average of GBX 539.59 and a 200-day moving average of GBX 524.40. The stock has a market cap of £3.83 billion, a PE ratio of 813.01, a P/E/G ratio of 0.67 and a beta of 1.09. Investec Group has a 52-week low of GBX 428.30 ($5.43) and a 52-week high of GBX 595.50 ($7.55).

Insiders Place Their Bets

In other news, insider Fani Titi sold 53,846 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of GBX 520 ($6.60), for a total value of £279,999.20 ($355,193.71). In related news, insider Fani Titi sold 53,846 shares of Investec Group stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of GBX 520 ($6.60), for a total transaction of £279,999.20 ($355,193.71). Also, insider Nishlan Samujh sold 152,486 shares of the business’s stock in a transaction that occurred on Wednesday, June 19th. The stock was sold at an average price of GBX 580 ($7.36), for a total transaction of £884,418.80 ($1,121,931.75). Insiders sold 287,667 shares of company stock worth $158,410,660 in the last quarter. 5.10% of the stock is currently owned by corporate insiders.

Investec Group Company Profile

Investec Group provides various financial products and services in the United Kingdom, South Africa, and internationally. The company offers wealth and investment products and services, including portfolio management, wealth management, fund management, and custody related services; discretionary wealth management, financial planning, stockbroking, and investment advisory services for private clients, charities, and trusts.