Investec Group (LON:INVP) Shares Pass Above 200 Day Moving Average of $552.26

Investec Group (LON:INVP) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 552.26 ($7.30) and traded as high as GBX 585.50 ($7.73). Investec Group shares last traded at GBX 564.50 ($7.46), with a volume of 1,323,422 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank boosted their target price on Investec Group from GBX 540 ($7.13) to GBX 660 ($8.72) and gave the stock a “buy” rating in a research note on Friday, June 28th.

Investec Group Price Performance

The firm’s 50 day simple moving average is GBX 582.83 and its 200-day simple moving average is GBX 552.26. The company has a market cap of £3.64 billion, a price-to-earnings ratio of 830.15, a P/E/G ratio of 0.67 and a beta of 1.09.

Insider Activity at Investec Group

In other news, insider Stephen Koseff sold 5,823 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of £135.25 ($178.67), for a total transaction of £787,560.75 ($1,040,370.87). Insiders sold a total of 326,375 shares of company stock valued at $264,268,180 in the last three months. 4.96% of the stock is currently 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.