Investec Group (LON:INVP) Share Price Crosses Above 200 Day Moving Average of $541.84

Shares of Investec Group (LON:INVP) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 541.84 ($7.04) and traded as high as GBX 597.50 ($7.76). Investec Group shares last traded at GBX 586.50 ($7.62), with a volume of 795,744 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank raised their target price on Investec Group from GBX 540 ($7.02) to GBX 660 ($8.58) and gave the stock a “buy” rating in a research report on Friday, June 28th.

Investec Group Trading Up 2.0 %

The firm has a 50 day simple moving average of GBX 585.24 and a two-hundred day simple moving average of GBX 542.50. The company has a market capitalization of £3.65 billion, a PE ratio of 831.62, a P/E/G ratio of 0.67 and a beta of 1.09.

Insider Activity at Investec Group

In related news, insider Stephen Koseff sold 5,823 shares of Investec Group stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of £135.25 ($175.74), for a total value of £787,560.75 ($1,023,337.77). In related news, insider Nishlan Samujh sold 152,486 shares of Investec Group stock in a transaction on Wednesday, June 19th. The stock was sold at an average price of GBX 580 ($7.54), for a total transaction of £884,418.80 ($1,149,192.83). Also, insider Stephen Koseff sold 5,823 shares of Investec Group stock in a transaction on Monday, August 5th. The stock was sold at an average price of £135.25 ($175.74), for a total value of £787,560.75 ($1,023,337.77). Insiders have sold a total of 325,485 shares of company stock worth $256,075,780 over the last three months. 5.05% of the stock is currently owned by corporate insiders.

About Investec Group

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, wealth management, fund management, and custody related services; discretionary wealth management, financial planning, stockbroking, and investment advisory services for private clients, charities, and trusts.