Shares of Investec Group (LON:INVP – Get Free Report) 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.
Get Our Latest Research Report on INVP
Investec Group Trading Up 2.0 %
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.
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