Investec (INVP) Given “Hold” Rating at Numis Securities

Numis Securities reissued their hold rating on shares of Investec (LON:INVP) in a report released on Thursday, Digital Look reports. The brokerage currently has a GBX 482 ($6.30) price target on the stock.

Shares of LON INVP traded down GBX 13.20 ($0.17) during trading hours on Thursday, hitting GBX 493.40 ($6.45). The company had a trading volume of 1,903,579 shares, compared to its average volume of 2,160,000. The company has a market cap of $3.27 billion and a PE ratio of 9.54. Investec has a 1-year low of GBX 420 ($5.49) and a 1-year high of GBX 596.80 ($7.80).

The business also recently disclosed a dividend, which will be paid on Monday, August 12th. Stockholders of record on Thursday, July 25th will be issued a GBX 13.50 ($0.18) dividend. This represents a dividend yield of 2.78%. The ex-dividend date of this dividend is Thursday, July 25th. This is an increase from Investec’s previous dividend of $11.00. Investec’s dividend payout ratio is presently 0.46%.

In other news, insider Ian Kantor sold 200,000 shares of the stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of GBX 484 ($6.32), for a total value of £968,000 ($1,264,863.45).

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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