Brokerages Set Investec plc (INVP) Price Target at $542.68
Shares of Investec plc (LON:INVP) have been given a consensus recommendation of “Buy” by the five analysts that are presently covering the company. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is GBX 542.68 ($6.78).
Separately, Numis Securities Ltd lowered Investec plc to a “hold” rating and set a GBX 522 ($6.52) price target on the stock. in a research report on Thursday, November 17th.
Shares of Investec plc (LON:INVP) opened at 521.00 on Tuesday. The stock’s 50 day moving average price is GBX 496.92 and its 200 day moving average price is GBX 474.32. The company’s market cap is GBX 4.67 billion. Investec plc has a 1-year low of GBX 387.00 and a 1-year high of GBX 571.50.
The firm also recently announced a dividend, which will be paid on Wednesday, December 21st. Shareholders of record on Thursday, December 8th will be issued a dividend of GBX 10 ($0.12) per share. The ex-dividend date of this dividend is Thursday, December 8th. This represents a yield of 1.96%.
In other Investec plc news, insider Ian Kantor bought 600,000 shares of Investec plc stock in a transaction on Friday, September 23rd. The shares were purchased at an average cost of GBX 356 ($4.45) per share, for a total transaction of £2,136,000 ($2,668,665.67).
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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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