MARKET TALK: Investec Shows Resilience, Growth Prospects-Numis

30th Jul 2010 08:38

0738 GMT [Dow Jones] Investec (INVP.LN) should be attractive to both growth and value investors, says Numis Securities, after what Investec called a "satisfactory" first fiscal quarter. Numis keeps a buy rating and 606p price target, saying the group's earnings have been "substantially more resilient than all the major U.K. focused banks through the credit crunch," and that its post-tax return on equity should reach 20% next year. Shares -0.6% at 504p, in a lower London market. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 30, 2010 03:38 ET (07:38 GMT)