Investec Group (LON:INVP) Stock Crosses Above Two Hundred Day Moving Average of $548.70

Investec Group (LON:INVP)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 548.70 ($7.18) and traded as high as GBX 582.50 ($7.62). Investec Group shares last traded at GBX 575.50 ($7.53), with a volume of 585,839 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank increased their price target on Investec Group from GBX 540 ($7.06) to GBX 660 ($8.63) and gave the stock a “buy” rating in a research note on Friday, June 28th.

Investec Group Trading Down 1.1 %

The company has a market cap of £3.67 billion, a PE ratio of 836.76, a price-to-earnings-growth ratio of 0.67 and a beta of 1.09. The business has a 50 day simple moving average of GBX 584.42 and a two-hundred day simple moving average of GBX 549.34.

Insiders Place Their Bets

In other news, insider Nishlan Samujh sold 152,486 shares of the company’s stock in a transaction on Wednesday, June 19th. The stock was sold at an average price of GBX 580 ($7.58), for a total transaction of £884,418.80 ($1,156,556.56). In other news, insider Stephen Koseff sold 193,557 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of GBX 580 ($7.58), for a total transaction of £1,122,630.60 ($1,468,066.69). Also, insider Nishlan Samujh sold 152,486 shares of the stock in a transaction on Wednesday, June 19th. The shares were sold at an average price of GBX 580 ($7.58), for a total value of £884,418.80 ($1,156,556.56). Insiders have sold a total of 478,861 shares of company stock valued at $352,710,060 in the last quarter. 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.