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Investec Group (LON:INVP) Shares Pass Above 200-Day Moving Average - What's Next?

Investec Group logo with Financial Services background

Investec Group (LON:INVP - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 512.45 ($6.96) and traded as high as GBX 536 ($7.28). Investec Group shares last traded at GBX 523.50 ($7.11), with a volume of 775,126 shares traded.

Investec Group Price Performance

The stock has a fifty day moving average price of GBX 485.18 and a 200 day moving average price of GBX 511.62. The stock has a market capitalization of £4.30 billion, a P/E ratio of 7.80, a price-to-earnings-growth ratio of 0.67 and a beta of 1.05.

Investec Group (LON:INVP - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The company reported GBX 79.10 ($1.07) EPS for the quarter. Investec Group had a return on equity of 11.67% and a net margin of 43.98%. Research analysts anticipate that Investec Group will post 70.0000031 earnings per share for the current year.

Insider Activity at Investec Group

In related news, insider Fani Titi sold 156,635 shares of Investec Group stock in a transaction on Friday, May 30th. The stock was sold at an average price of GBX 532 ($7.22), for a total transaction of £833,298.20 ($1,131,430.01). Also, insider Nishlan Samujh sold 14,000 shares of Investec Group stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of GBX 513 ($6.97), for a total value of £71,820 ($97,515.27). Over the last quarter, insiders sold 868,381 shares of company stock valued at $455,086,607. Company insiders own 4.96% of the company's stock.

About Investec Group

(Get Free Report)

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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