Investec Group (LON:INVP) Reaches New 1-Year High at $602.00

Investec Group (LON:INVPGet Free Report) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 602 ($7.71) and last traded at GBX 595.25 ($7.62), with a volume of 55666 shares trading hands. The stock had previously closed at GBX 588.50 ($7.54).

Analysts Set New Price Targets

Separately, Berenberg Bank raised their price target on Investec Group from GBX 540 ($6.92) to GBX 660 ($8.45) and gave the company a “buy” rating in a report on Friday, June 28th.

Check Out Our Latest Research Report on Investec Group

Investec Group Stock Up 0.8 %

The firm has a fifty day moving average of GBX 550.25 and a 200-day moving average of GBX 527.45. The stock has a market capitalization of £3.83 billion, a price-to-earnings ratio of 806.16, a PEG ratio of 0.67 and a beta of 1.09.

Investec Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, September 6th. Investors of record on Thursday, August 22nd will be issued a dividend of GBX 19 ($0.24) per share. The ex-dividend date of this dividend is Thursday, August 22nd. This is a boost from Investec Group’s previous dividend of $15.50. This represents a yield of 3.43%. Investec Group’s payout ratio is currently 4,520.55%.

Insider Buying and Selling

In related news, insider Fani Titi sold 53,846 shares of Investec Group stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of GBX 520 ($6.66), for a total transaction of £279,999.20 ($358,651.47). In other Investec Group news, insider Nishlan Samujh sold 81,335 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of GBX 516 ($6.61), for a total transaction of £419,688.60 ($537,579.86). Also, insider Fani Titi sold 53,846 shares of the firm’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of GBX 520 ($6.66), for a total value of £279,999.20 ($358,651.47). Over the last ninety days, insiders sold 287,667 shares of company stock valued at $158,410,660. 5.10% of the stock is owned by insiders.

Investec Group Company Profile

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Investec Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Investec Group and related companies with MarketBeat.com's FREE daily email newsletter.