Investec Group (LON:INVP – Get Free Report) reached a new 52-week high on Monday after Berenberg Bank raised their price target on the stock from GBX 540 to GBX 660. Berenberg Bank currently has a buy rating on the stock. Investec Group traded as high as GBX 594.50 ($7.52) and last traded at GBX 594 ($7.51), with a volume of 294450 shares. The stock had previously closed at GBX 573.50 ($7.25).
Insider Activity
In other news, insider Nishlan Samujh sold 81,335 shares of the stock in a transaction on Friday, May 31st. The stock was sold at an average price of GBX 516 ($6.53), for a total value of £419,688.60 ($530,848.22). In related news, insider Fani Titi sold 53,846 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of GBX 520 ($6.58), for a total value of £279,999.20 ($354,160.38). Also, insider Nishlan Samujh sold 81,335 shares of the stock in a transaction on Friday, May 31st. The shares were sold at an average price of GBX 516 ($6.53), for a total value of £419,688.60 ($530,848.22). In the last ninety days, insiders sold 287,667 shares of company stock worth $158,410,660. Insiders own 5.10% of the company’s stock.
Investec Group Price Performance
The firm has a market capitalization of £3.71 billion, a price-to-earnings ratio of 786.30, a P/E/G ratio of 0.67 and a beta of 1.09. The stock has a fifty day moving average of GBX 542.51 and a two-hundred day moving average of GBX 525.18.
Investec Group Increases Dividend
Investec Group Company Profile
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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