Investec plc Receives Average Rating of “Buy” from Brokerages (LON:INVP)
Investec plc (LON:INVP) has earned a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the company, Analyst Ratings Network reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 553.50 ($9.19).
Shares of Investec plc (LON:INVP) opened at 553.00 on Tuesday. Investec plc has a 52-week low of GBX 366.20 and a 52-week high of GBX 554.50. The stock has a 50-day moving average of GBX 526.7 and a 200-day moving average of GBX 503.7. The company’s market cap is £4.767 billion.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Investec plc in a research note on Friday. They now have a GBX 533.77 ($8.86) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Investec plc in a research note on Friday, August 1st. They now have a GBX 550 ($9.13) 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, August 1st. They now have a GBX 555 ($9.21) 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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