Investec Group (LON:INVP) Releases Quarterly Earnings Results

Investec Group (LON:INVP) announced its earnings results on Thursday. The company reported GBX 40.50 EPS for the quarter, Digital Look Earnings reports. Investec Group had a return on equity of 11.67% and a net margin of 43.98%.

Investec Group Price Performance

INVP stock traded down GBX 28 during midday trading on Thursday, hitting GBX 552. The stock had a trading volume of 1,291,604 shares, compared to its average volume of 2,299,468. The company’s 50-day moving average price is GBX 572.57 and its 200 day moving average price is GBX 546.60. The firm has a market cap of £4.94 billion, a PE ratio of 7.85, a price-to-earnings-growth ratio of 0.67 and a beta of 1.05. Investec Group has a 12-month low of GBX 390 and a 12-month high of GBX 622.50.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 660 price objective on shares of Investec Group in a research report on Tuesday, September 2nd. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 660.

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.