Investec Group (LON:INVP) Share Price Passes Below 200 Day Moving Average – What’s Next?

Investec Group (LON:INVP) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 551.60 and traded as low as GBX 499.36. Investec Group shares last traded at GBX 531.53, with a volume of 122,175,602 shares.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 660 price objective on shares of Investec Group in a research report on Tuesday, September 2nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of GBX 660.

Investec Group Price Performance

The company has a market capitalization of £4.74 billion, a price-to-earnings ratio of 8.17, a price-to-earnings-growth ratio of 0.67 and a beta of 1.05. The firm’s 50-day simple moving average is GBX 560.12 and its two-hundred day simple moving average is GBX 551.60.

Investec Group (LON:INVP) last issued its quarterly earnings results on Thursday, November 20th. The company reported GBX 40.50 earnings per share for the quarter. Investec Group had a return on equity of 11.67% and a net margin of 43.98%. On average, analysts expect that Investec Group will post 70.0000031 EPS for the current fiscal year.

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.