Shares of Investec plc (LON:INVP) have received an average recommendation of “Buy” from the five research firms that are currently covering the company. Five investment analysts have rated the stock with a buy recommendation. The average 12 month price objective among analysts that have covered the stock in the last year is GBX 559.28 ($7.45).
A number of analysts have weighed in on the company. Numis Securities Ltd reduced their price target on Investec plc from GBX 666 ($8.87) to GBX 605 ($8.06) and set a “buy” rating for the company in a research report on Thursday, August 25th. HSBC reissued a “buy” rating and set a GBX 580 ($7.73) price objective on shares of Investec plc in a research report on Wednesday, June 22nd. Finally, Deutsche Bank AG cut their price objective on Investec plc from GBX 610 ($8.12) to GBX 580 ($7.73) and set a “buy” rating for the company in a research report on Wednesday, June 22nd.
In other news, insider Koseff,Stephen purchased 80,000 shares of the stock in a transaction that occurred on Wednesday, July 27th. The shares were purchased at an average cost of GBX 575 ($7.66) per share, for a total transaction of £460,000 ($612,679.81).
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Shares of Investec plc (LON:INVP) traded up 0.85% during mid-day trading on Tuesday, hitting GBX 463.90. The company had a trading volume of 1,568,492 shares. Investec plc has a 12-month low of GBX 387.00 and a 12-month high of GBX 571.50. The firm’s market cap is GBX 4.03 billion. The firm’s 50 day moving average is GBX 469.56 and its 200-day moving average is GBX 479.09.
Investec plc Company Profile
Investec plc is a specialist bank and asset manager. The Company provides a range of financial products and services to a client base in three markets, including the United Kingdom and Europe, South Africa, and Asia/Australia. The Company is focused on providing Asset Management, Wealth and Investment and Specialist Banking services.
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