Investec plc (INVP) Stock Rating Lowered by Numis Securities Ltd
Investec plc (LON:INVP) was downgraded by investment analysts at Numis Securities Ltd to a “hold” rating in a research note issued on Thursday. They presently have a GBX 522 ($6.52) target price on the stock. Numis Securities Ltd’s target price would suggest a potential upside of 4.30% from the stock’s current price.
Investec plc (LON:INVP) opened at 503.50 on Thursday. The company’s 50-day moving average is GBX 490.99 and its 200-day moving average is GBX 473.46. Investec plc has a 12 month low of GBX 387.00 and a 12 month high of GBX 571.50. The stock’s market capitalization is GBX 4.37 billion.
In other Investec plc news, insider Ian Kantor bought 600,000 shares of Investec plc stock in a transaction dated Friday, September 23rd. The shares were bought at an average price of GBX 356 ($4.45) per share, with a total value of £2,136,000 ($2,668,665.67).
Investec plc Company Profile
Investec plc is a specialist bank and asset manager. The Company provides a range of financial products and services to a client base in various markets, including the United Kingdom and Europe, South Africa, and Asia/Australia. Its segments include Asset Management, Wealth & Investment, and Specialist Banking.
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