Investec plc (LON:INVP) Given Consensus Rating of “Buy” by Analysts

investec-plc-loninvp-given-consensus-rating-of-8220buy8221-by-analysts.jpg

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).

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/13/investec-plc-loninvp-given-consensus-rating-of-buy-by-analysts.html

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.

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

Be the first to comment on "Investec plc (LON:INVP) Given Consensus Rating of “Buy” by Analysts"

Leave a comment

Your email address will not be published.

*