Investec (INVP) Price Target Cut to GBX 524

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Investec (LON:INVP) had its price target reduced by equities researchers at Numis Securities from GBX 598 ($7.71) to GBX 524 ($6.76) in a research note issued on Thursday. The brokerage currently has a “hold” rating on the stock. Numis Securities’ target price indicates a potential upside of 7.71% from the stock’s current price.

Shares of Investec stock opened at GBX 486.50 ($6.28) on Thursday. Investec has a 12-month low of GBX 451.20 ($5.82) and a 12-month high of GBX 649.40 ($8.38).

In related news, insider Ian Kantor sold 200,000 shares of the company’s stock in a transaction on Thursday, July 5th. The stock was sold at an average price of GBX 551 ($7.11), for a total transaction of £1,102,000 ($1,421,568.63).

Investec Company Profile

Investec plc, a specialist bank and asset manager, provides various financial products and services in the United Kingdom, South Africa, Australia, other European countries, Hong Kong, India, Mauritius, the United States, and internationally. It operates in three divisions: Asset Management, Wealth & Investment, and Specialist Banking.

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