Investec buys shares to fund 2021 incentive plan

Investec ( (GB:INVP) ) has shared an update.

Investec has reported an on-market purchase of 150,000 Investec Limited ordinary shares at an average price of ZAR 128.4852, for a total consideration of about ZAR 19.27 million. The shares were acquired to meet obligations under the Investec Limited Share Incentive Plan 2021, indicating continued use of equity-based remuneration for staff and a modest level of buy-side activity in its own stock, with all dealings conducted under required regulatory clearances in Johannesburg and London.

The most recent analyst rating on (GB:INVP) stock is a Hold with a £677.00 price target. To see the full list of analyst forecasts on Investec stock, see the GB:INVP Stock Forecast page.

Spark’s Take on INVP Stock

According to Spark, TipRanks’ AI Analyst, INVP is a Neutral.

The score is held back most by weak cash generation (negative operating and free cash flow) despite solid profitability and an improved leverage profile. Offsetting this, valuation is attractive (low P/E and high yield) and technicals show an established uptrend. Earnings-call guidance and capital returns are supportive, though tempered by profit pressure and macro uncertainty.

To see Spark’s full report on INVP stock, click here.

More about Investec

Investec is a specialist banking and wealth management group dual-listed in South Africa and the U.K., with shares traded on the JSE, LSE, NSX and BSE. The group focuses on providing financial services including banking, asset management and related investment products across its international markets.

Average Trading Volume: 1,723,876

Technical Sentiment Signal: Buy

Current Market Cap: £10.31B

See more data about INVP stock on TipRanks’ Stock Analysis page.