Investec Group (LON:INVP) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Investec Group (LON:INVP) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 512.45 ($6.95) and traded as high as GBX 536 ($7.27). Investec Group shares last traded at GBX 523.50 ($7.10), with a volume of 775,126 shares trading hands.

Investec Group Stock Down 1.2%

The stock’s fifty day moving average is GBX 481.49 and its two-hundred day moving average is GBX 512.45. The firm has a market capitalization of £4.43 billion, a price-to-earnings ratio of 8.03, a P/E/G ratio of 0.67 and a beta of 1.05.

Investec Group (LON:INVP) last posted its earnings results on Thursday, May 22nd. The company reported GBX 79.10 ($1.07) earnings per share for the quarter. Investec Group had a return on equity of 11.67% and a net margin of 43.98%. As a group, analysts anticipate that Investec Group will post 70.0000031 EPS for the current year.

Insider Transactions at Investec Group

In other Investec Group news, insider Fani Titi sold 11,210 shares of the business’s stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of GBX 513 ($6.95), for a total transaction of £57,507.30 ($77,954.86). Also, insider Nishlan Samujh sold 65,173 shares of Investec Group stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of GBX 524 ($7.10), for a total transaction of £341,506.52 ($462,934.15). In the last 90 days, insiders sold 868,381 shares of company stock valued at $455,086,607. Company insiders own 4.96% of the company’s stock.

About Investec Group

Investec Group engages in the provision of various financial products and services in South Africa, the United Kingdom, and internationally. The company provides private banking services; wealth services, including wealth and portfolio management, stockbroking, and offshore and retirement investment, and intergenerational wealth solutions; savings accounts; personal and property financing, and finance for practice; and insurance solutions covering severe illness, disability, life, mortgage and income protection, and business overloads.