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

Investec Group (LON:INVP) passed 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.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised their target price on shares of Investec Group from GBX 540 ($7.22) to GBX 660 ($8.83) and gave the company a “buy” rating in a research note on Friday, June 28th.

Investec Group Stock Up 0.3 %

The firm’s 50-day moving average is GBX 580.46 and its 200-day moving average is GBX 555.03. The company has a market capitalization of £3.68 billion, a PE ratio of 836.76, a price-to-earnings-growth ratio of 0.67 and a beta of 1.09.

Insider Activity

In other Investec Group news, insider Stephen Koseff sold 31,995 shares of the company’s 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 value of £189,090.45 ($252,929.98). In the last three months, insiders have sold 326,375 shares of company stock worth $264,268,180. 4.96% of the stock is currently owned by 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.