Investec Group (LON:INVP) Earns “Buy” Rating from Berenberg Bank

Investec Group (LON:INVP)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a report released on Tuesday, MarketBeat.com reports. They presently have a GBX 660 price target on the stock. Berenberg Bank’s price target would indicate a potential upside of 23.02% from the stock’s previous close.

Investec Group Stock Performance

INVP opened at GBX 536.50 on Tuesday. Investec Group has a 1-year low of GBX 390 and a 1-year high of GBX 627.50. The stock has a market capitalization of £4.82 billion, a price-to-earnings ratio of 763.16, a P/E/G ratio of 0.67 and a beta of 1.05. The business has a 50 day moving average of GBX 548.73 and a 200-day moving average of GBX 511.63.

Insider Activity

In other news, insider Stephen Koseff sold 300,000 shares of the stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of GBX 565, for a total value of £1,695,000. Also, insider Fani Titi sold 100,546 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of GBX 524, for a total value of £526,861.04. Over the last three months, insiders sold 465,719 shares of company stock valued at $256,336,756. 0.45% of the stock is owned by company insiders.

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.