Investec Group (LON:INVP) Share Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• Investec Group shares have recently surpassed their 200-day moving average, indicating potential upward momentum, having traded as high as GBX 566 ($7.48).
• The company reported a net margin of 43.98% and a return on equity of 11.67%, with earnings per share of GBX 79.10 ($1.04) for the most recent quarter.
• Recent insider selling involved significant transactions, with 1,168,381 shares sold over the last ninety days, equating to a value of approximately $624.6 million.

Investec Group (LON:INVP - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 508.46 ($6.72) and traded as high as GBX 566 ($7.48). Investec Group shares last traded at GBX 561.50 ($7.42), with a volume of 556,213 shares.

Investec Group Price Performance

The stock has a market cap of £4.66 billion, a price-to-earnings ratio of 8.45, a P/E/G ratio of 0.67 and a beta of 1.05. The stock's 50 day simple moving average is GBX 534.02 and its two-hundred day simple moving average is GBX 508.46.

Investec Group (LON:INVP - Get Free Report) last issued its earnings results on Thursday, May 22nd. The company reported GBX 79.10 ($1.04) earnings per share for the quarter. Investec Group had a net margin of 43.98% and a return on equity of 11.67%. As a group, analysts predict that Investec Group will post 70.0000031 earnings per share for the current year.

Insider Buying and Selling at Investec Group

In related news, insider Fani Titi sold 100,546 shares of the business's stock in a transaction on Friday, June 6th. The stock was sold at an average price of GBX 524 ($6.92), for a total value of £526,861.04 ($695,985.52). Also, insider Nishlan Samujh sold 65,173 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of GBX 524 ($6.92), for a total value of £341,506.52 ($451,131.47). Over the last ninety days, insiders have sold 1,168,381 shares of company stock valued at $624,586,607. 4.96% of the stock is currently owned by corporate insiders.

Investec Group Company Profile

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.

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