Investec Given “Buy” Rating at Numis Securities Ltd (INVP)
Investec (LON:INVP)‘s stock had its “buy” rating reiterated by research analysts at Numis Securities Ltd in a report released on Thursday, Analyst Ratings News reports. They currently have a GBX 481 ($7.90) target price on the stock. Numis Securities Ltd’s price objective points to a potential upside of 15.90% from the company’s current price.
A number of other firms have also recently commented on INVP. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Investec in a research note to investors on Monday, January 20th. They now have a GBX 449.04 ($7.38) price target on the stock. Separately, analysts at Nplus1 Brewin raised their price target on shares of Investec from GBX 518 ($8.51) to GBX 550 ($9.04) in a research note to investors on Friday, November 22nd. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Investec in a research note to investors on Friday, November 22nd. They now have a GBX 490 ($8.05) price target on the stock. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of GBX 470.41 ($7.73).
Investec (LON:INVP) traded up 4.59% during mid-day trading on Thursday, hitting GBX 415.00. The stock had a trading volume of 4,357,521 shares. Investec has a 52-week low of GBX 366.20 and a 52-week high of GBX 515.00. The stock’s 50-day moving average is GBX 421.2 and its 200-day moving average is GBX 424.4. The company’s market cap is £3.606 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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