Today Numis Reaffirms a “Add” Rating on Investec PLC (LON:INVP) and a GBX 496.00 Target Price

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Investec PLC (LON:INVP) Rating Reaffirmed

The broker has just set a TP of GBX 496.00 on Investec PLC (LON:INVP) shares. This is 8.61% from the current price. In an analyst note sent to clients and investors on Monday morning, Numis has decided to reaffirm their “Add” rating on shares of INVP.

From a total of 7 analysts covering Investec PLC (LON:INVP) stock, 6 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 86% of the ratings are positive. The highest target price is GBX 715 while the lowest target price is GBX 609. The mean of all analyst targets is GBX 660.71 with a 35.80% above today’s (GBX 458.5) stock price. Investec PLC was the topic of 14 analyst reports since August 25, 2015 according to the firm StockzIntelligence Inc. J.P. Morgan maintained shares on November 24 with “Overweight” rating. Numis Securities downgraded INVP stock in a recent report from November 23 to “Add” rating. Finally, Deutsche Bank maintained the stock with “Buy” rating in a report issued on a November 19.

Approximately 1.28 million shares of stock traded hands. Investec plc (LON:INVP) has declined 31.59% since May 15, 2015 and is downtrending. It has underperformed by 27.18% the S&P500.

Today Numis Reaffirms a

Investec plc is a specialist bank and asset manager. The company has a market cap of 4.34 billion GBP. The Firm provides a range of financial services and products to a client base in three markets, including the United Kingdom and Europe, South Africa, and Asia/Australia. It has 14.68 P/E ratio. The Firm is focused on providing Asset Management, Wealth and Investment and Specialist Banking services.

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