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

Investec Group (LON:INVP) 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

In related news, insider Nishlan Samujh sold 81,335 shares of Investec Group stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of GBX 516 ($6.53), for a total transaction of £419,688.60 ($530,848.22). In related news, insider Nishlan Samujh sold 81,335 shares of the business’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of GBX 516 ($6.53), for a total transaction of £419,688.60 ($530,848.22). Also, insider Fani Titi sold 53,846 shares of Investec Group stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of GBX 520 ($6.58), for a total transaction of £279,999.20 ($354,160.38). Over the last three months, insiders have sold 287,667 shares of company stock valued at $158,410,660. 5.10% of the stock is currently owned by company insiders.

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.