Investec Group (LON:INVP) Receives Buy Rating from Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Investec Group (LON:INVPGet Rating) in a report published on Wednesday, Marketbeat Ratings reports. The brokerage currently has a GBX 540 ($6.39) price target on the stock.

Investec Group Trading Down 0.2 %

Shares of LON INVP opened at GBX 505.20 ($5.97) on Wednesday. Investec Group has a twelve month low of GBX 336.30 ($3.98) and a twelve month high of GBX 541.40 ($6.40). The company has a market capitalization of £4.82 billion and a price-to-earnings ratio of 1,012.40. The firm has a 50-day moving average of GBX 423.04 and a two-hundred day moving average of GBX 435.45.

Investec Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, January 9th. Shareholders of record on Thursday, December 8th will be paid a dividend of GBX 13.50 ($0.16) per share. This represents a yield of 2.94%. The ex-dividend date is Thursday, December 8th. Investec Group’s dividend payout ratio is presently 37.00%.

Insider Buying and Selling at Investec Group

In other Investec Group 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 transaction 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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