Investec Group (LON:INVP) Stock Price Passes Above 200-Day Moving Average of $472.56

Investec Group (LON:INVP – Get Rating)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 472.56 ($5.76) and traded as high as GBX 501.60 ($6.11). Investec Group shares last traded at GBX 463.80 ($5.65), with a volume of 1,225,717 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 540 ($6.58) target price on shares of Investec Group in a research note on Wednesday, November 23rd.

Investec Group Stock Performance

The company has a 50-day simple moving average of GBX 525.96 and a two-hundred day simple moving average of GBX 472.56. The firm has a market capitalization of £3.07 billion, a P/E ratio of 635.34, a PEG ratio of 0.67 and a beta of 1.10.

About Investec Group

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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.