Investec Stock Recommendations and Price Targets

This is a list of recent ratings by Investec.

Date	Company Name	Action	Current Price	Price Target	Rating
6/17/2026	SSL Sasol	Initiated Coverage	$11.00		Sell
5/20/2026	TCAPF TP ICAP Group	Downgrade	$4.00		Hold
5/20/2026	NXGPF NEXT	Upgrade	$185.00		Buy
5/13/2026	VLXGF Volex	Downgrade	$8.00		Hold
1/21/2026	SGBLY Standard Bank Group	Downgrade	$20.00		Buy ➝ Hold
1/15/2026	WHTPF WH Smith	Upgrade	$7.00		Hold ➝ Buy
1/13/2026	MPGPF Pagegroup	Downgrade	$2.00		Buy ➝ Hold
10/28/2025	PKPYY Pick n Pay Stores	Upgrade	$6.00		Hold ➝ Buy
10/10/2025	GFI Gold Fields	Downgrade	$39.00		Buy ➝ Hold
10/10/2025	HMY Harmony Gold Mining	Upgrade	$17.00		Hold
9/19/2025	FANDF FirstRand	Upgrade	$6.00		Hold ➝ Buy
9/19/2025	SGBLY Standard Bank Group	Upgrade	$20.00		Sell ➝ Buy
9/4/2025	WHTPF WH Smith	Downgrade	$7.00		Hold
9/3/2025	SRGHY Shoprite	Upgrade	$18.00		Buy
9/3/2025	DMPZF Domino's Pizza Group	Downgrade	$2.00		Buy ➝ Hold
7/28/2025	GMVHF Entain	Downgrade	$7.00		Hold
6/24/2025	DIALF Dialight	Upgrade	$5.00		Buy
6/12/2025	FANDF FirstRand	Downgrade	$6.00		Buy ➝ Hold
5/5/2025	BPPPF BID	Downgrade	$25.00		Hold
4/18/2025	INFY Infosys	Upgrade	$11.00		Sell ➝ Buy
3/5/2025	IBJHF Ibstock	Upgrade	$2.00		Buy
10/30/2024	BME B&M European Value Retail	Set Price Target	GBP 185.00	GBP 495.00	Hold
10/18/2024	SBSW Sibanye Gold	Downgrade	$10.00		Buy ➝ Hold
10/18/2024	GFI Gold Fields	Upgrade	$39.00		Hold ➝ Buy
10/18/2024	AU AngloGold Ashanti	Upgrade	$90.00		Hold ➝ Buy
10/3/2024	WIT Wipro	Downgrade	$2.00		Hold ➝ Sell
10/3/2024	INFY Infosys	Downgrade	$11.00		Hold ➝ Sell
10/9/2023	IMPUY Impala Platinum	Downgrade	$12.00		Hold ➝ Sell
10/9/2023	AFBOF African Rainbow Minerals	Upgrade	$11.00		Hold ➝ Buy
10/9/2023	AGPPF Anglo American Platinum	Upgrade	$81.00		Sell ➝ Hold
10/6/2023	PKPYY Pick n Pay Stores	Downgrade	$6.00		Hold ➝ Sell
10/6/2023	FHNGY The Foschini Group	Downgrade	$4.00		Hold ➝ Sell
10/6/2023	MRPLY Mr Price Group	Downgrade	$11.00		Hold ➝ Sell
9/29/2023	SGPPF The SPAR Group	Upgrade	$4.00		Hold ➝ Buy
9/26/2023	KGFHY Kingfisher	Upgrade	$7.00		Hold ➝ Buy
9/20/2023	FANDF FirstRand	Upgrade	$6.00		Sell ➝ Hold
9/20/2023	SGBLY Standard Bank Group	Upgrade	$20.00		Sell ➝ Hold
9/15/2023	EKDHF EKF Diagnostics	Downgrade	$0.00		Buy ➝ Hold
9/14/2023	ASBFY Associated British Foods	Upgrade	$25.00		Hold
9/12/2023	TCEHY Tencent	Upgrade	$56.00		Sell ➝ Hold
9/5/2023	IFPJF Informa	Downgrade	$11.00		Buy ➝ Hold
9/5/2023	RELX Relx	Upgrade	$31.00		Hold ➝ Buy
9/5/2023	INF Informa	Downgrade	GBX 858	GBX 775	Hold
9/5/2023	REL Relx	Upgrade	GBX 2,347	GBX 2,850	Buy
9/1/2023	TRWKF Truworths International	Downgrade	$4.00		Hold ➝ Sell
8/25/2023	EXXAF Exxaro Resources	Upgrade	$13.00		Hold ➝ Buy
8/24/2023	PYPTF Paypoint	Upgrade	$8.00		Hold ➝ Buy
8/8/2023	HLN Haleon	Upgrade	$9.00		Sell ➝ Hold
6/29/2023	TSNLF Tristel	Upgrade	$6.00		Hold ➝ Buy
6/29/2023	DLUEY De La Rue	Upgrade	$5.00		Hold ➝ Buy