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Investec Group (LON:INVP) Stock Price Passes Above 200-Day Moving Average - Here's What Happened

Investec Group logo with Financial Services background

Key Points

  • Investec Group's share price has surpassed its 200-day moving average of GBX 508.97, reaching a high of GBX 548.50 during trading.
  • The firm reported an earnings per share (EPS) of GBX 79.10 for the previous quarter and has a projected EPS of approximately 70 for the current fiscal year.
  • Insider transactions show significant activity, with insiders selling over 1 million shares valued at approximately $624 million in the last quarter.
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Investec Group (LON:INVP - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 508.97 ($6.85) and traded as high as GBX 548.50 ($7.38). Investec Group shares last traded at GBX 548.50 ($7.38), with a volume of 512,444 shares changing hands.

Investec Group Price Performance

The firm has a market cap of £4.64 billion, a PE ratio of 8.42, a price-to-earnings-growth ratio of 0.67 and a beta of 1.05. The firm has a 50-day simple moving average of GBX 538.63 and a 200 day simple moving average of GBX 508.97.

Investec Group (LON:INVP - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The company reported GBX 79.10 ($1.06) earnings per share (EPS) for the quarter. Investec Group had a return on equity of 11.67% and a net margin of 43.98%. Sell-side analysts forecast that Investec Group will post 70.0000031 earnings per share for the current fiscal year.

Insider Transactions at Investec Group

In other news, insider Fani Titi sold 156,635 shares of Investec Group stock in a transaction dated Friday, May 30th. The stock was sold at an average price of GBX 532 ($7.16), for a total value of £833,298.20 ($1,120,777.67). Also, insider Nishlan Samujh sold 65,173 shares of Investec Group stock in a transaction dated Friday, June 6th. The stock was sold at an average price of GBX 524 ($7.05), for a total value of £341,506.52 ($459,322.82). Insiders sold a total of 1,168,381 shares of company stock valued at $624,586,607 in the last quarter. 4.96% of the stock is owned by insiders.

Investec Group Company Profile

(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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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