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

Key Points

• Investec Group's share price crossed above its 200-day moving average at GBX 523.05, reaching as high as GBX 579 during trading, with the latest price noted at GBX 563.
• Berenberg Bank has restated a "buy" rating for Investec Group, setting a price target of GBX 660, reflecting a generally positive outlook from analysts.
• Insider trading activity was noted, with Stephen Koseff selling 300,000 shares for approximately £1.7 million, indicating potential insider confidence or risk management within the company.

Investec Group (LON:INVP - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 523.05 ($6.97) and traded as high as GBX 579 ($7.71). Investec Group shares last traded at GBX 563 ($7.50), with a volume of 142,445,734 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank restated a "buy" rating and set a GBX 660 price objective on shares of Investec Group in a research note on Tuesday, September 2nd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of GBX 660.

Investec Group Trading Down 0.5%

The company has a market cap of £5.04 billion, a price-to-earnings ratio of 800.85, a price-to-earnings-growth ratio of 0.67 and a beta of 1.05. The firm has a 50-day moving average price of GBX 557.42 and a 200 day moving average price of GBX 523.05.

Insider Activity

In related news, insider Stephen Koseff sold 300,000 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of GBX 565, for a total value of £1,695,000. Company insiders own 0.32% of the company's stock.

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.

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