Investec Group (LON:INVP) PT Raised to GBX 660 at Berenberg Bank

Investec Group (LON:INVP) had its price objective boosted by Berenberg Bank from GBX 540 ($6.85) to GBX 660 ($8.37) in a report released on Friday morning, Digital Look reports. They currently have a buy rating on the stock.

Investec Group Stock Up 3.5 %

INVP stock opened at GBX 593.50 ($7.53) on Friday. Investec Group has a twelve month low of GBX 428.30 ($5.43) and a twelve month high of GBX 595.50 ($7.55). The stock has a market capitalization of £3.83 billion, a price-to-earnings ratio of 813.01, a price-to-earnings-growth ratio of 0.67 and a beta of 1.09. The firm’s fifty day simple moving average is GBX 539.59 and its two-hundred day simple moving average is GBX 524.40.

Investec Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, September 6th. Stockholders of record on Thursday, August 22nd will be issued a GBX 19 ($0.24) dividend. The ex-dividend date of this dividend is Thursday, August 22nd. This is a boost from Investec Group’s previous dividend of $15.50. This represents a dividend yield of 3.43%. Investec Group’s dividend payout ratio is presently 4,520.55%.

Insider Transactions at Investec Group

In other news, insider Nishlan Samujh sold 152,486 shares of the company’s stock in a transaction dated Wednesday, June 19th. The shares were sold at an average price of GBX 580 ($7.36), for a total value of £884,418.80 ($1,121,931.75). In related news, insider Fani Titi sold 53,846 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of GBX 520 ($6.60), for a total value of £279,999.20 ($355,193.71). Also, insider Nishlan Samujh sold 152,486 shares of the company’s stock in a transaction dated Wednesday, June 19th. The stock was sold at an average price of GBX 580 ($7.36), for a total transaction of £884,418.80 ($1,121,931.75). Over the last ninety days, insiders have sold 287,667 shares of company stock worth $158,410,660. Insiders own 5.10% of the company’s stock.

Investec Group Company Profile

Investec Group provides various financial products and services in the United Kingdom, South Africa, and internationally. The company offers wealth and investment products and services, including portfolio management, wealth management, fund management, and custody related services; discretionary wealth management, financial planning, stockbroking, and investment advisory services for private clients, charities, and trusts.