Investec PT Lowered to GBX 465 (INVP)
UBS AG dropped their target price on shares of Investec (LON:INVP) from GBX 520 ($8.39) to GBX 465 ($7.50) in a research note issued on Tuesday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. UBS AG’s price objective would indicate a potential upside of 16.48% from the company’s current price.
A number of other firms have also recently commented on INVP. Analysts at Avior Research reiterated an “outperform” rating on shares of Investec (LON:INVP) in a research note to investors on Thursday, September 19th. They now have a GBX 554.20 ($8.94) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Investec (LON:INVP) in a research note to investors on Wednesday, September 18th. They now have a GBX 518 ($8.36) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Investec (LON:INVP) in a research note to investors on Thursday, August 1st. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of GBX 466.34 ($7.52).
Shares of Investec (LON:INVP) traded down 0.95% on Tuesday, hitting GBX 396.6139. 1,002,920 shares of the company’s stock traded hands. Investec has a 1-year low of GBX 356.40 and a 1-year high of GBX 515.00. The stock’s 50-day moving average is GBX 428.6 and its 200-day moving average is GBX 449.3. The company’s market cap is £3.390 billion.
Investec plc is an international, specialist bank and asset manager that provides a diverse range of financial products and services to a select client base.
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