Investec Group (LON:INVP – Free Report) had its target price hoisted by Berenberg Bank from GBX 540 ($6.83) to GBX 660 ($8.35) in a report published on Friday morning, Marketbeat reports. The brokerage currently has a buy rating on the stock.
Investec Group Price Performance
LON:INVP opened at GBX 583.50 ($7.38) on Friday. Investec Group has a one year low of GBX 428.30 ($5.42) and a one year high of GBX 599.50 ($7.58). The firm has a market capitalization of £3.76 billion, a price-to-earnings ratio of 799.32, a price-to-earnings-growth ratio of 0.67 and a beta of 1.09. The business has a fifty day moving average price of GBX 541.23 and a 200-day moving average price of GBX 524.83.
Investec Group Increases Dividend
The company also recently disclosed a dividend, which will be paid on Friday, September 6th. Shareholders of record on Thursday, August 22nd will be paid a GBX 19 ($0.24) dividend. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a yield of 3.43%. This is an increase from Investec Group’s previous dividend of $15.50. Investec Group’s dividend payout ratio (DPR) is presently 4,520.55%.
Insider Transactions at Investec Group
About Investec Group
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.
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