Investec Group (LON:INVP) Price Target Raised to GBX 660

Investec Group (LON:INVP) had its price target hoisted by Berenberg Bank from GBX 540 ($6.85) to GBX 660 ($8.37) in a research note published on Friday, Digital Look reports. They currently have a buy rating on the stock.

Investec Group Stock Performance

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

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 paid a GBX 19 ($0.24) dividend. This represents a dividend yield of 3.43%. This is an increase from Investec Group’s previous dividend of $15.50. The ex-dividend date of this dividend is Thursday, August 22nd. Investec Group’s payout ratio is 4,520.55%.

Insider Activity

In related news, insider Nishlan Samujh sold 81,335 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of GBX 516 ($6.55), for a total transaction of £419,688.60 ($532,397.06). In other Investec Group news, insider Nishlan Samujh sold 81,335 shares of the company’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of GBX 516 ($6.55), for a total transaction of £419,688.60 ($532,397.06). Also, insider Fani Titi sold 53,846 shares of the company’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of GBX 520 ($6.60), for a total transaction of £279,999.20 ($355,193.71). In the last three months, insiders have sold 287,667 shares of company stock valued at $158,410,660. Company 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.