Investec Group (LON:INVP) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Investec Group (LON:INVP) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 552.30 and traded as low as GBX 546. Investec Group shares last traded at GBX 550.68, with a volume of 1,094,855 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 660 target price on shares of Investec Group in a report on Tuesday, September 2nd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Investec Group has an average rating of “Buy” and an average target price of GBX 660.

Investec Group Price Performance

The firm’s 50-day moving average price is GBX 557.86 and its 200-day moving average price is GBX 552.30. The company has a market cap of £4.96 billion, a price-to-earnings ratio of 8.55, a price-to-earnings-growth ratio of 0.67 and a beta of 1.05.

Investec Group (LON:INVP) last announced its quarterly earnings results on Thursday, November 20th. The company reported GBX 40.50 earnings per share for the quarter. Investec Group had a net margin of 43.98% and a return on equity of 11.67%. On average, sell-side analysts anticipate that Investec Group will post 70.0000031 earnings per share for the current year.

About Investec Group

Investec Group engages in the provision of various financial products and services in South Africa, the United Kingdom, and internationally. The company provides private banking services; wealth services, including wealth and portfolio management, stockbroking, and offshore and retirement investment, and intergenerational wealth solutions; savings accounts; personal and property financing, and finance for practice; and insurance solutions covering severe illness, disability, life, mortgage and income protection, and business overloads.