Numis Securities Reaffirms “Hold” Rating for Investec (INVP)

Investec (LON:INVP)‘s stock had its “hold” rating reaffirmed by equities researchers at Numis Securities in a note issued to investors on Thursday. They currently have a GBX 578 ($7.84) price objective on the stock. Numis Securities’ target price suggests a potential upside of 2.41% from the stock’s current price.

Shares of Investec traded down GBX 8.80 ($0.12), reaching GBX 564.40 ($7.66), during trading hours on Thursday, according to Marketbeat.com. The company’s stock had a trading volume of 2,221,946 shares, compared to its average volume of 2,160,000. Investec has a 1-year low of GBX 451.20 ($6.12) and a 1-year high of GBX 649.40 ($8.81).

In related news, insider Glynn Burger sold 160,933 shares of the stock in a transaction that occurred on Tuesday, March 20th. The stock was sold at an average price of GBX 571 ($7.75), for a total value of £918,927.43 ($1,246,510.35). Also, insider Ciaran Whelan sold 78,703 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of GBX 631 ($8.56), for a total value of £496,615.93 ($673,651.56).

About Investec

Investec plc, a specialist bank and asset manager, provides various financial products and services in the United Kingdom, South Africa, Australia, other European countries, Asia, and internationally. It operates in three divisions: Asset Management, Wealth & Investment, and Specialist Banking. The Asset Management division offers active investment products and services to institutional, advisory clients, and individuals.

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