Investec Group (LON:INVP) Rating Reiterated by Berenberg Bank

Investec Group (LON:INVPGet Rating)‘s stock had its “buy” rating reiterated by stock analysts at Berenberg Bank in a research note issued on Wednesday, Marketbeat reports. They presently have a GBX 540 ($6.39) target price on the stock. Berenberg Bank’s price target points to a potential upside of 5.92% from the company’s current price.

Investec Group Stock Up 0.7 %

Shares of LON INVP opened at GBX 509.80 ($6.03) on Wednesday. The firm has a 50-day moving average price of GBX 425.53 and a 200 day moving average price of GBX 435.97. Investec Group has a 52 week low of GBX 336.30 ($3.98) and a 52 week high of GBX 541.40 ($6.40). The stock has a market capitalization of £4.86 billion and a price-to-earnings ratio of 1,019.60.

Insider Buying and Selling at Investec Group

In related news, insider Ciaran Whelan sold 226,460 shares of the company’s stock in a transaction dated Monday, September 5th. The shares were sold at an average price of GBX 422 ($4.99), for a total value of £955,661.20 ($1,130,023.89).

About Investec Group

(Get Rating)

Investec Group provides various financial products and services in the United Kingdom South Africa, and internationally. The company offers wealth and investment products and services, including portfolio management, discretionary wealth management, financial planning, stockbroking/execution, pensions and retirement, and investment advisory services for private clients, charities, pension funds and trusts.

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