Investec plc Receives Consensus Rating of “Buy” from Analysts (LON:INVP)
Shares of Investec plc (LON:INVP) have earned a consensus recommendation of “Buy” from the eight brokerages that are presently covering the company, ARN reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is GBX 538.16 ($9.20).
Investec plc (LON:INVP) opened at 532.50 on Wednesday. Investec plc has a 1-year low of GBX 366.20 and a 1-year high of GBX 544.50. The stock has a 50-day moving average of GBX 528.9 and a 200-day moving average of GBX 483.2. The company’s market cap is £4.590 billion.
A number of research firms have recently commented on INVP. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Investec plc in a research note on Monday, July 21st. They now have a GBX 550 ($9.40) price target on the stock. Separately, analysts at HSBC reiterated a “neutral” rating on shares of Investec plc in a research note on Friday, June 13th. They now have a GBX 570 ($9.74) price target on the stock. Finally, 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 ($9.48) price target on the stock.
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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