Investec Group (LON:INVP) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Investec Group (LON:INVP)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 572.52 ($7.22) and traded as high as GBX 612 ($7.71). Investec Group shares last traded at GBX 609.50 ($7.68), with a volume of 526,425 shares changing hands.

Investec Group Stock Down 0.8 %

The firm has a market capitalization of £3.93 billion, a PE ratio of 896.32, a price-to-earnings-growth ratio of 0.67 and a beta of 1.05. The business’s 50-day moving average price is GBX 585.62 and its 200-day moving average price is GBX 572.52.

Insider Buying and Selling at Investec Group

In other Investec Group news, insider Stephen Koseff sold 95,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of GBX 572 ($7.21), for a total value of £543,400 ($684,814.11). In the last quarter, insiders have sold 320,552 shares of company stock worth $185,512,105. 4.96% of the stock is currently owned by company insiders.

Investec Group Company Profile

Investec Group engages in the provision of various financial products and services in South Africa, the United Kingdom, and internationally. The company provides private banking services; wealth services, including wealth and portfolio management, stockbroking, and offshore and retirement investment, and intergenerational wealth solutions; savings accounts; personal and property financing, and finance for practice; and insurance solutions covering severe illness, disability, life, mortgage and income protection, and business overloads.