Investec plc (INVP) Given Average Recommendation of “Buy” by Brokerages
Investec plc (LON:INVP) has been assigned an average rating of “Buy” from the five research firms that are covering the company. Five investment analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have covered the stock in the last year is GBX 559.28 ($6.82).
Several analysts recently issued reports on INVP shares. Numis Securities Ltd reduced their price objective on shares of Investec plc from GBX 666 ($8.12) to GBX 605 ($7.37) and set a “buy” rating on the stock in a report on Thursday, August 25th. HSBC restated a “buy” rating and issued a GBX 580 ($7.07) price objective on shares of Investec plc in a report on Wednesday, June 22nd. Finally, Deutsche Bank AG reduced their price objective on shares of Investec plc from GBX 610 ($7.43) to GBX 580 ($7.07) and set a “buy” rating on the stock in a report on Wednesday, June 22nd.
In other news, insider Koseff,Stephen bought 80,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 27th. The shares were purchased at an average cost of GBX 575 ($7.01) per share, for a total transaction of £460,000 ($560,633.76). Also, insider Ian Kantor bought 600,000 shares of the business’s stock in a transaction that occurred on Friday, September 23rd. The shares were purchased at an average price of GBX 356 ($4.34) per share, for a total transaction of £2,136,000 ($2,603,290.68).
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Investec plc (LON:INVP) traded up 1.94% during mid-day trading on Tuesday, hitting GBX 482.40. 1,265,113 shares of the stock were exchanged. Investec plc has a 12-month low of GBX 387.00 and a 12-month high of GBX 571.50. The company has a 50 day moving average of GBX 471.63 and a 200 day moving average of GBX 476.64. The firm’s market cap is GBX 4.19 billion.
Investec plc Company Profile
Investec plc is a specialist bank and asset manager. The Company provides a range of financial products and services to a client base in various markets, including the United Kingdom and Europe, South Africa, and Asia/Australia. Its segments include Asset Management, Wealth & Investment, and Specialist Banking.
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