Top Page
Investec
(LSE:INVP)
Investec (INVP) vs. iShares MSCI United Kingdom ETF (EWC)
Investec Business Overview & Revenue Model
Investec Earnings Call Summary
Investec Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.33B | 2.00B | 1.91B | 2.25B | 2.92B | 2.74B |
| Gross Profit | 994.95M | 2.00B | 1.91B | 1.80B | 1.88B | 1.60B |
| EBITDA | 417.24M | 0.00 | 816.98M | 900.84M | 690.59M | 361.62M |
| Net Income | 665.71M | 693.48M | 941.04M | 804.87M | 516.20M | 268.34M |
Balance Sheet | ||||||
| Total Assets | 30.24B | 58.25B | 56.63B | 57.29B | 58.84B | 51.53B |
| Cash, Cash Equivalents and Short-Term Investments | 3.54B | 5.52B | 7.70B | 8.47B | 9.13B | 6.52B |
| Total Debt | 7.70B | 2.80B | 7.73B | 2.89B | 3.36B | 3.37B |
| Total Liabilities | 26.62B | 52.60B | 51.15B | 2.76B | 53.10B | 46.20B |
| Stockholders Equity | 5.30B | 5.66B | 5.47B | 4.88B | 5.20B | 4.76B |
Cash Flow | ||||||
| Free Cash Flow | 621.84M | -584.79M | -1.69B | -2.25B | -2.13B | -219.27M |
| Operating Cash Flow | 252.39M | -567.79M | -1.67B | -2.22B | -2.12B | -205.94M |
| Investing Cash Flow | -2.93B | 11.04M | -209.37M | -13.99M | 35.56M | 1.41M |
| Financing Cash Flow | -656.39M | -559.23M | 1.43B | 1.73B | 4.61B | -548.41M |
Investec Technical Analysis
Investec Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | £338.42M | 14.59 | 24.30% | 3.80% | 9.93% | -15.65% | |
68 Neutral | £11.33B | 8.28 | 12.21% | 6.78% | -2.34% | 2.55% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
60 Neutral | £41.17M | 25.58 | 3.69% | 7.96% | -9.55% | ― | |
58 Neutral | £133.58M | 26.94 | 4.84% | ― | 15.42% | ― | |
51 Neutral | £767.08M | -7.69 | -9.28% | ― | -15.79% | -211.91% | |
48 Neutral | £9.90M | ― | ― | ― | ― | ― |
Investec Corporate Events
Investec Limited has disclosed that Standard Bank Group has increased its holding in Investec Limited’s ordinary shares to 5.95% of the company’s total issued share capital as at 27 January 2026. The notification, made in line with South African company law and JSE Listings Requirements, marks Standard Bank’s stake crossing a significant shareholding threshold and underscores continued institutional interest in Investec, while the company acknowledged and moved to correct an administrative oversight that led to a late submission of the notice, including filing the necessary documentation with the South African Takeover Regulation Panel.
The most recent analyst rating on (GB:INVP) stock is a Buy with a £664.00 price target. To see the full list of analyst forecasts on Investec stock, see the GB:INVP Stock Forecast page.
Investec has disclosed a transaction in which person discharging managerial responsibilities (PDMR) Marle Van der Walt executed an on-market sale of 10,798 Investec Limited ordinary shares in Johannesburg on 30 January 2026, following the release of forfeitable share awards. The shares were sold at a volume-weighted average price of ZAR 132.2379, for a total value of approximately ZAR 1.43 million, with the interest classified as direct beneficial, and the group confirmed that all required regulatory clearances were obtained in line with JSE and UK market disclosure rules, underscoring Investec’s compliance with governance and transparency requirements for insider dealings.
The most recent analyst rating on (GB:INVP) stock is a Buy with a £664.00 price target. To see the full list of analyst forecasts on Investec stock, see the GB:INVP Stock Forecast page.
Investec plc has announced the results of its cash tender offer for its £350m 2.625% callable fixed rate resettable subordinated notes due 2032, a capital markets instrument used in its funding structure. By the 29 January 2026 deadline, investors had validly tendered £305.52m of notes, of which Investec has decided to accept £294.22m at a purchase price of 98.85% of principal, subject to a 99.90% scaling factor and the satisfaction or waiver of a new financing condition, leaving £55.78m of the notes outstanding after settlement, expected on 2 February 2026; the move effectively refinances part of its subordinated debt stack and adjusts its capital structure, with implications for noteholders’ holdings and Investec’s future funding profile.
The most recent analyst rating on (GB:INVP) stock is a Buy with a £664.00 price target. To see the full list of analyst forecasts on Investec stock, see the GB:INVP Stock Forecast page.
Investec has executed significant on-market share purchases to meet obligations under its 2021 Share Incentive Plans for employees and participants. On 27 January 2026, the Investec plc Share Incentive Plan acquired 1,583,877 Investec plc ordinary shares in London at an average price of £6.0479, for a total consideration of approximately £9.58 million, while the Investec Limited Share Incentive Plan purchased 913,288 Investec Limited ordinary shares in South Africa at an average price of R132.0566, totalling about R120.61 million. These transactions, carried out with prior clearance and disclosed in line with JSE and FCA regulatory requirements, underscore the group’s continued use of equity-based incentives as part of its remuneration and retention strategy, with potential implications for share capital distribution and alignment of employee interests with those of shareholders.
The most recent analyst rating on (GB:INVP) stock is a Buy with a £664.00 price target. To see the full list of analyst forecasts on Investec stock, see the GB:INVP Stock Forecast page.
Investec has disclosed a series of on-market share sales in Johannesburg by persons discharging managerial responsibilities and related parties in Investec Limited ordinary shares, in line with regulatory requirements in South Africa, the UK and the EU. PDMRs Cumesh Moodliar and Stuart Spencer sold 34,549 and 27,140 shares respectively on 28 January 2026 following the release or vesting of share awards, while Lesley-Anne Gatter and closely associated person Bradley Gatter sold 2,789 and 559 shares respectively, and company secretary Niki Van Wyk sold 5,554 shares on 27 January 2026, largely to settle tax liabilities or following forfeitable share award releases. The transactions, executed at prices around ZAR 130–132 per share and all classified as direct beneficial interests with prior clearance, highlight routine remuneration- and tax-related dealing activity rather than a strategic shift in Investec’s capital structure, but provide transparency for investors monitoring insider dealings and governance compliance.
The most recent analyst rating on (GB:INVP) stock is a Buy with a £664.00 price target. To see the full list of analyst forecasts on Investec stock, see the GB:INVP Stock Forecast page.
Investec has published the final terms for a new GBP 300 million 5.625% callable fixed rate resettable subordinated note maturing in 2036, issued under its GBP 6 billion Euro Medium Term Note Programme. Application has been made for the notes to be admitted to the UK Financial Conduct Authority’s Official List and to trade on the London Stock Exchange’s main market from 30 January 2026, reinforcing Investec’s use of capital markets funding and adding another subordinated instrument to its funding stack, which may support its regulatory capital and long-term financing strategy.
The most recent analyst rating on (GB:INVP) stock is a Buy with a £664.00 price target. To see the full list of analyst forecasts on Investec stock, see the GB:INVP Stock Forecast page.
Investec plc has set a maximum acceptance amount of £300 million for its tender offer to repurchase part of its £350 million 2.625% callable fixed rate resettable subordinated notes due 2032, following the successful pricing of new sterling-denominated subordinated notes. The buyback is conditional on the completion of the new issuance and is expected to be followed by a results announcement on 30 January 2026 detailing the final amount of notes accepted, any scaling applied, and the volume of notes remaining outstanding, in a move that refines Investec’s capital structure and may optimise its regulatory capital and funding profile.
The most recent analyst rating on (GB:INVP) stock is a Buy with a £664.00 price target. To see the full list of analyst forecasts on Investec stock, see the GB:INVP Stock Forecast page.
Investec Limited has repurchased 1,016,317 non-redeemable, non-cumulative, non-participating preference shares between 14 and 21 January 2026, representing 4.09% of its issued preference share capital at the time of the current general authority, for an aggregate consideration of R100.8 million from excess cash resources. Following these market purchases on the JSE, 23,819,526 preference shares remain in issue and the company retains capacity to buy back a further 15.91% under the existing shareholder authority; the repurchased shares will be delisted and cancelled, and while the financial impact is described as immaterial, the board affirms that the group’s solvency, capital adequacy and working capital remain sufficient for at least 12 months, signalling continued balance sheet strength and disciplined capital management for investors and creditors.
The most recent analyst rating on (GB:INVP) stock is a Buy with a £664.00 price target. To see the full list of analyst forecasts on Investec stock, see the GB:INVP Stock Forecast page.
Investec plc has launched a cash tender offer for its £350m 2.625% callable fixed rate resettable subordinated notes due 2032, inviting noteholders to tender their holdings at 98.85% of principal plus accrued interest. The transaction forms part of the group’s proactive optimisation of its debt profile and capital base and is linked to a planned issue of new sterling-denominated callable fixed rate resettable subordinated notes, with the amount of existing notes repurchased to be capped at no more than the size of the new issue and subject to a new financing condition and potential pro rata scaling, underscoring Investec’s active capital management strategy and potential implications for subordinated creditors and overall capital structure.
The most recent analyst rating on (GB:INVP) stock is a Buy with a £664.00 price target. To see the full list of analyst forecasts on Investec stock, see the GB:INVP Stock Forecast page.
Investec Limited has continued executing its previously announced share purchase and buyback programme, acquiring additional Investec plc ordinary shares on both the London Stock Exchange and Johannesburg Stock Exchange between 15 and 20 January 2026. Over this period, the group bought 1,066,453 plc shares in London at an average price of GBP5.9376 and 500,861 plc shares in Johannesburg at an average price of R130.4806, which it intends to treat as treasury shares in its consolidated financial statements; cumulatively since 20 August 2025, these plc share purchases total 6,714,347 shares in London and 4,829,421 shares in Johannesburg. In parallel, Investec Limited repurchased 541,908 of its own ordinary shares on the JSE at an average price of R129.9192 during the same window, with these shares to be cancelled and restored as authorised but unissued capital, bringing total Limited share buybacks since August 2025 to 3,765,095 shares. The transactions underscore Investec’s ongoing capital management strategy, supporting earnings per share and capital efficiency while signalling confidence in the group’s valuation to shareholders and the broader market.
The most recent analyst rating on (GB:INVP) stock is a Buy with a £664.00 price target. To see the full list of analyst forecasts on Investec stock, see the GB:INVP Stock Forecast page.
Investec disclosed a transaction in its ordinary shares involving an on-market sale by Investec plc’s company secretary, David Miller, in London on 20 January 2026. The sale of 3,494 Investec plc shares at £5.905 each, totalling approximately £20,632, followed the release of forfeitable share awards and was executed as a direct beneficial interest with the required regulatory clearances obtained, underscoring the group’s compliance with UK and South African market disclosure rules.
The most recent analyst rating on (GB:INVP) stock is a Buy with a £664.00 price target. To see the full list of analyst forecasts on Investec stock, see the GB:INVP Stock Forecast page.
Investec has disclosed an on-market sale of 33,553 Investec plc ordinary shares by person discharging managerial responsibilities (PDMR) Stuart Spencer, executed in London on 16 January 2026 at a price of GBP 6.039121 per share, for a total transaction value of GBP 202,630.61. The transaction, conducted on a direct beneficial basis and cleared in accordance with regulatory requirements, underscores Investec’s adherence to market abuse and listing rules in both the UK and South Africa, providing transparency to shareholders and regulators regarding managerial dealings in the group’s securities.
The most recent analyst rating on (GB:INVP) stock is a Buy with a £664.00 price target. To see the full list of analyst forecasts on Investec stock, see the GB:INVP Stock Forecast page.
Investec has disclosed a transaction by person discharging managerial responsibilities (PDMR) Lyndon Subroyen, who conducted an on-market sale of 59,555 Investec plc ordinary shares on 15 January 2026 in London at a price of GBP 5.8770 per share. The sale, which had a total value of about GBP 350,005 and represents a direct beneficial interest, was carried out with prior clearance and is reported in accordance with Market Abuse Regulation and JSE Listings Requirements, underscoring the group’s compliance and transparency obligations to investors across its dual-listed structure.
The most recent analyst rating on (GB:INVP) stock is a Buy with a £664.00 price target. To see the full list of analyst forecasts on Investec stock, see the GB:INVP Stock Forecast page.
Investec plc has received approval from the UK Financial Conduct Authority for its base prospectus relating to a £6 billion Euro Medium Term Note programme, which has now been made available to investors and submitted to the FCA’s National Storage Mechanism for inspection. The approval and publication of this base prospectus underpin Investec’s ability to tap the debt capital markets efficiently, providing funding flexibility to support its banking operations and growth plans while signalling continued engagement with international fixed-income investors.
The most recent analyst rating on (GB:INVP) stock is a Hold with a £617.00 price target. To see the full list of analyst forecasts on Investec stock, see the GB:INVP Stock Forecast page.
Investec Limited has continued executing its share purchase and buyback programme launched in August 2025, acquiring Investec plc ordinary shares on both the London Stock Exchange and Johannesburg Stock Exchange, as well as repurchasing Investec Limited ordinary shares on the JSE. Between 17 and 23 December 2025, the group bought a total of 1,041,315 Investec plc shares across the LSE and JSE, which it intends to treat as treasury shares in its consolidated financial statements, and repurchased 631,750 Investec Limited shares on the JSE that will be cancelled and reinstated as authorised but unissued share capital, signalling ongoing capital management and balance-sheet optimisation efforts that may support earnings per share and shareholder returns.
The most recent analyst rating on (GB:INVP) stock is a Hold with a £600.00 price target. To see the full list of analyst forecasts on Investec stock, see the GB:INVP Stock Forecast page.
Investec has disclosed a series of on-market share purchases by the Investec Limited Share Incentive Plan 2021, undertaken to meet its obligations to plan participants in line with regulatory requirements in South Africa and the UK. Between 18 and 22 December 2025, the plan acquired a total of 274,163 Investec Limited ordinary shares on the JSE for an aggregate consideration of just over ZAR 33 million, with prior clearance obtained, underscoring the group’s ongoing use of equity-based remuneration and its associated demand for its own shares in the market.
The most recent analyst rating on (GB:INVP) stock is a Buy with a £660.00 price target. To see the full list of analyst forecasts on Investec stock, see the GB:INVP Stock Forecast page.
Investec has disclosed a series of on-market purchases of its Investec Limited ordinary shares by the Investec Limited Share Incentive Plan 2021 to meet obligations to participants in the plan. Between 12 and 17 December 2025, the plan acquired a total of 300,000 shares in three tranches of 100,000 each, at prices ranging from ZAR 117.8166 to ZAR 119.6471, for an aggregate consideration of just over ZAR 35.6 million. The transactions, which received prior clearance and were announced in accordance with JSE and UK disclosure requirements, underline Investec’s ongoing use of equity-based incentives and its active management of share-based remuneration structures for employees.
The most recent analyst rating on (GB:INVP) stock is a Buy with a £660.00 price target. To see the full list of analyst forecasts on Investec stock, see the GB:INVP Stock Forecast page.
Investec Limited has continued executing its previously announced share purchase and buyback programme, acquiring Investec plc ordinary shares on both the London Stock Exchange and Johannesburg Stock Exchange between 11 and 16 December 2025. Over this period, the company bought 1,046,635 plc shares in London at an average price of GBP 5.2640 and 300,000 plc shares in Johannesburg at an average price of R118.3715, intending to treat these shares as if they were treasury shares in the group’s consolidated annual financial statements. Since the programme’s start on 20 August 2025, Investec Limited has accumulated more than 5.0 million plc shares in London and about 3.9 million plc shares in Johannesburg, signalling an ongoing commitment to capital management and potential enhancement of earnings per share. In parallel, Investec Limited repurchased 304,950 of its own ordinary shares on the JSE at an average price of R118.1209, bringing total Limited-share repurchases since August to over 2.5 million shares; these shares will be cancelled and reinstated as authorised but unissued capital, effectively reducing the number of shares in issue and potentially supporting shareholder value over time.
The most recent analyst rating on (GB:INVP) stock is a Buy with a £660.00 price target. To see the full list of analyst forecasts on Investec stock, see the GB:INVP Stock Forecast page.
Investec has announced transactions involving the sale of ordinary shares by persons discharging managerial responsibilities (PDMRs) in both Investec plc and Investec Limited. The transactions, which were conducted on the London Stock Exchange, involved the sale of shares following the vesting of conditional share awards from previous periods. This disclosure is in compliance with the Market Abuse Regulation and the JSE Listings Requirements, ensuring transparency and adherence to regulatory standards.
The most recent analyst rating on (GB:INVP) stock is a Buy with a £660.00 price target. To see the full list of analyst forecasts on Investec stock, see the GB:INVP Stock Forecast page.
Investec has disclosed the on-market purchase of 300,000 of its ordinary shares over three consecutive days in December 2025, as part of its Share Incentive Plan 2021. This move, involving transactions valued at over ZAR 35 million, reflects the company’s efforts to meet its obligations to participants in the plan, potentially impacting its share liquidity and market perception.
The most recent analyst rating on (GB:INVP) stock is a Buy with a £660.00 price target. To see the full list of analyst forecasts on Investec stock, see the GB:INVP Stock Forecast page.
Investec Limited has announced the commencement of a repurchase program for its non-redeemable, non-cumulative, non-participating preference shares. The company plans to repurchase up to 20% of these shares, with the process beginning on December 11, 2025. The repurchased shares will be cancelled and revert to authorized but unissued status. This move is in compliance with JSE Listings Requirements and aims to optimize the company’s capital structure. The repurchase will be conducted through the JSE’s order book without prior arrangements with counterparties, and may be discontinued at any time.
The most recent analyst rating on (GB:INVP) stock is a Buy with a £660.00 price target. To see the full list of analyst forecasts on Investec stock, see the GB:INVP Stock Forecast page.
Investec has disclosed recent transactions under its Share Incentive Plan 2021, involving the acquisition of a total of 189,667 Investec Limited ordinary shares on the market. These transactions, conducted on December 4 and 5, 2025, were made to fulfill the Plan’s obligations to participants, with a total value of approximately ZAR 22.54 million. This activity highlights Investec’s ongoing efforts to manage its share incentive obligations, potentially impacting its stock liquidity and market perception.
The most recent analyst rating on (GB:INVP) stock is a Buy with a £660.00 price target. To see the full list of analyst forecasts on Investec stock, see the GB:INVP Stock Forecast page.
Investec has disclosed recent transactions involving the acquisition of its own shares as part of the Investec Limited Share Incentive Plan 2021. The company purchased a total of 250,000 shares on the market between December 1 and December 3, 2025, with a total transaction value of approximately ZAR 29.67 million. These transactions are part of the company’s obligations to meet the requirements of the plan and have been conducted with prior clearance, reflecting Investec’s commitment to transparency and regulatory compliance.
The most recent analyst rating on (GB:INVP) stock is a Buy with a £660.00 price target. To see the full list of analyst forecasts on Investec stock, see the GB:INVP Stock Forecast page.
Investec has released its unaudited consolidated interim financial report for the six months ending 30 September 2025. This disclosure is part of their dual-listed company structure obligations, impacting stakeholders by providing insights into the company’s financial performance and compliance with regulatory requirements.
The most recent analyst rating on (GB:INVP) stock is a Buy with a £660.00 price target. To see the full list of analyst forecasts on Investec stock, see the GB:INVP Stock Forecast page.
Investec Limited has announced the purchase of ordinary shares of Investec PLC and the repurchase of its own ordinary shares as part of a share buyback program initiated in August 2025. The company acquired 804,882 shares of Investec PLC on the LSE and 485,811 shares on the JSE, while also repurchasing 321,635 of its own shares on the JSE. The shares purchased from Investec PLC will be treated as treasury shares, while the repurchased Investec Limited shares will be cancelled and reinstated as authorized but unissued shares. This strategic move is likely aimed at optimizing the company’s capital structure and potentially enhancing shareholder value.
The most recent analyst rating on (GB:INVP) stock is a Buy with a £660.00 price target. To see the full list of analyst forecasts on Investec stock, see the GB:INVP Stock Forecast page.
Investec has reported a resilient financial performance for the six months ending September 2025, with a 2.5% increase in adjusted earnings per share despite challenging macroeconomic conditions. The company has returned approximately £376 million to shareholders and is advancing its strategy to enhance its service offerings and expand its mid-market corporate initiatives. Key financial metrics indicate stable revenue supported by client acquisition and lending growth, though impacted by lower interest rates. The company maintains a strong capital position and is committed to optimizing shareholder returns while navigating economic uncertainties.
The most recent analyst rating on (GB:INVP) stock is a Buy with a £660.00 price target. To see the full list of analyst forecasts on Investec stock, see the GB:INVP Stock Forecast page.
Investec has announced amendments to its preference share dividends for both Investec Limited and Investec plc, with updated listing codes and entity identifiers. The company declared several preference dividends for the period from April to September 2025, detailing the gross and net dividend amounts for shareholders, along with the relevant trading and payment dates. This announcement reflects Investec’s ongoing commitment to providing returns to its shareholders and maintaining transparency in its financial operations.
The most recent analyst rating on (GB:INVP) stock is a Buy with a £660.00 price target. To see the full list of analyst forecasts on Investec stock, see the GB:INVP Stock Forecast page.
Investec has announced the declaration of dividends for its preference shares, impacting both its UK and South African shareholders. The dividends, declared from income reserves for the period from April to September 2025, reflect the company’s commitment to providing returns to its investors. These announcements are significant for stakeholders as they highlight Investec’s financial health and its ability to generate income for distribution, which may influence investor confidence and market positioning.
The most recent analyst rating on (GB:INVP) stock is a Buy with a £660.00 price target. To see the full list of analyst forecasts on Investec stock, see the GB:INVP Stock Forecast page.