Berenberg Bank Reiterates Buy Rating for Investec Group (LON:INVP)

Key Points

• Berenberg Bank has reaffirmed its "buy" rating for Investec Group (LON:INVP), setting a target price of GBX 660, indicating a potential upside of 23.48% from the current price.
• Investec Group's stock opened at GBX 534.50, and it has a market capitalization of £4.80 billion, with a price-to-earnings ratio of 760.31.
• Insider transactions included substantial sales, with one insider selling 300,000 shares at an average price of GBX 565 totaling £1,695,000 in value.

Berenberg Bank restated their buy rating on shares of Investec Group (LON:INVP - Free Report) in a research note released on Tuesday morning, MarketBeat.com reports. Berenberg Bank currently has a GBX 660 price objective on the stock.

Investec Group Stock Down 0.0%

Investec Group stock traded down GBX 0.23 during mid-day trading on Tuesday, hitting GBX 544.27. 36,227,535 shares of the company's stock traded hands, compared to its average volume of 2,173,604. The firm has a 50 day moving average price of GBX 549.55 and a 200 day moving average price of GBX 511.61. The company has a market cap of £4.89 billion, a PE ratio of 774.21, a price-to-earnings-growth ratio of 0.67 and a beta of 1.05. Investec Group has a one year low of GBX 390 and a one year high of GBX 627.50.

Insiders Place Their Bets

In other Investec Group news, insider Stephen Koseff sold 300,000 shares of Investec Group stock in a transaction on Thursday, July 24th. The stock was sold at an average price of GBX 565, for a total transaction of £1,695,000. 0.32% of the stock is owned by 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.