Will Investec (INVP.L) shares break below the 426p support, or return to highs of 470p (+8%)?

• Currently close to the 426p support at 433.7p (at time of writing).
• This has been identified for ostensibly strong support level. Traders should consider whetehr they think it will hold up again.
• Will the price bounce again to recent highs at 470p? (+8%).
• Technical traders should consider potential news and developments. Check our website and the press for updates in future.
• Shares -16% from 12-month highs; +9% from 12 month lows.

Latest News

31 Jan:  Investec announced it had progressed on plans to list its asset management arm on the London and Johannesburg stock exchanges. A shareholder vote will take place on the 10th of February.

04 Dec:  UBS reiterates its buy rating on Investec (INVP) and increased the target price to 580p (from 560p).

21 Nov:  Investec posted a decline in profits, despite improving assets under management. Poor performance in its wealth management and UK banking business units weighed on performance.

18 Jul:  Stephen Koseff, Director, has transferred in 22,707 shares within the firm on the 17th July 2019 at a price of 505p. This Director currently has 1,081,498 shares.

18 Jul:  Bernard Kantor, Director, has transferred in 12,467 shares within the firm on the 17th July 2019 at a price of 509p. This Director currently has 1,405,411 shares.

18 Jul:  Bernard Kantor, Director, sold 10,240 shares within the firm on the 18th July 2019 at a price of 509p. This Director currently has 1,395,171 shares.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

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