Investec plc Receives Consensus Recommendation of “Buy” from Brokerages (LON:INVP)
Investec plc (LON:INVP) has received a consensus recommendation of “Buy” from the eight brokerages that are presently covering the company, American Banking News reports. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is GBX 529.41 ($8.90).
A number of analysts have recently weighed in on INVP shares. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Investec plc in a research note on Friday, May 23rd. They now have a GBX 555 ($9.33) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Investec plc in a research note on Thursday, May 22nd. They now have a GBX 550 ($9.25) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated an “add” rating on shares of Investec plc in a research note on Thursday, May 22nd. They now have a GBX 512 ($8.61) price target on the stock.
Shares of Investec plc (LON:INVP) traded up 0.99% on Thursday, hitting GBX 533.75. The stock had a trading volume of 519,827 shares. Investec plc has a 52 week low of GBX 366.20 and a 52 week high of GBX 538.00. The stock’s 50-day moving average is GBX 519. and its 200-day moving average is GBX 460.3. The company’s market cap is £4.620 billion.
The company also recently announced a dividend, which is scheduled for Friday, August 15th. Stockholders of record on Wednesday, July 30th will be paid a dividend of GBX 11 ($0.18) per share. This represents a dividend yield of 2.16%. The ex-dividend date is Wednesday, July 30th.
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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