Investec Stock Recommendations and Price Targets

This is a list of recent ratings by Investec.

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
10/30/2024	BME B&M European Value Retail	Set Price Target	345.00	495.00	Hold	N/A
10/18/2024	SBSW Sibanye Stillwater	Downgrade	$4.00		Buy ➝ Hold	Medium
10/18/2024	GFI Gold Fields	Upgrade	$14.00		Hold ➝ Buy	Low
10/18/2024	AU AngloGold Ashanti	Upgrade	$26.00		Hold ➝ Buy	Low
10/3/2024	WIT Wipro	Downgrade	$7.00		Hold ➝ Sell	Low
10/3/2024	INFY Infosys	Downgrade	$22.00		Hold ➝ Sell	Low
10/9/2023	IMPUY Impala Platinum	Downgrade	$6.00		Hold ➝ Sell	Low
10/9/2023	AFBOF African Rainbow Minerals	Upgrade	$10.00		Hold ➝ Buy	Low
10/9/2023	AGPPF Anglo American Platinum	Upgrade	$31.00		Sell ➝ Hold	Low
10/6/2023	FHNGY The Foschini Group	Downgrade	$9.00		Hold ➝ Sell	N/A
10/6/2023	MRPLY Mr Price Group	Downgrade	$16.00		Hold ➝ Sell	Low
10/6/2023	PKPYY Pick n Pay Stores	Downgrade	$7.00		Hold ➝ Sell	Low
9/29/2023	SGPPF The SPAR Group	Upgrade	$6.00		Hold ➝ Buy	Low
9/26/2023	KGFHY Kingfisher	Upgrade	$6.00		Hold ➝ Buy	Low
9/20/2023	FANDF FirstRand	Upgrade	$4.00		Sell ➝ Hold	Low
9/20/2023	SGBLY Standard Bank Group	Upgrade	$13.00		Sell ➝ Hold	Low
9/15/2023	EKDHF EKF Diagnostics	Downgrade	$0.00		Buy ➝ Hold	Low
9/14/2023	ASBFY Associated British Foods	Upgrade	$29.00		Hold	Low
9/12/2023	TCEHY Tencent	Upgrade	$52.00		Sell ➝ Hold	Low
9/11/2023	ERGO Ergomed	Downgrade	GBX 1,346	GBX 1,350	Hold	N/A
9/5/2023	IFPJF Informa	Downgrade	$11.00		Buy ➝ Hold	Low
9/5/2023	RELX Relx	Upgrade	$48.00		Hold ➝ Buy	Low
9/5/2023	INF Informa	Downgrade	GBX 858	GBX 775	Hold	N/A
9/5/2023	REL Relx	Upgrade	GBX 3,757	GBX 2,850	Buy	N/A
9/1/2023	TRWKF Truworths International	Downgrade	$2.00		Hold ➝ Sell	N/A
8/25/2023	EXXAF Exxaro Resources	Upgrade	$9.00		Hold ➝ Buy	Low
8/24/2023	PYPTF PayPoint	Upgrade	$9.00		Hold ➝ Buy	Low
8/8/2023	HLN Haleon	Upgrade	$10.00		Sell ➝ Hold	Low
6/29/2023	DLUEY De La Rue	Upgrade	$4.00		Hold ➝ Buy	Low
6/29/2023	TSNLF Tristel	Upgrade	$5.00		Hold ➝ Buy	Low
6/15/2023	TSNLF Tristel	Downgrade	$5.00		Buy ➝ Hold	Low
6/15/2023	STRNY Severn Trent	Upgrade	$35.00		Buy	Low
5/26/2023	MNSKY Moneysupermarket.com Group	Upgrade	$10.00		Hold ➝ Buy	Low
5/15/2023	ELXXF Elixirr International	Initiated Coverage	$10.00		Buy	Low
4/20/2023	IHPGF IntegraFin	Upgrade	$3.00		Hold ➝ Buy	Low
4/17/2023	TRWKF Truworths International	Downgrade	$2.00		Buy ➝ Hold	N/A
4/17/2023	HMY Harmony Gold Mining	Downgrade	$9.00		Buy ➝ Hold	Low
4/17/2023	FHNGY The Foschini Group	Downgrade	$9.00		Buy ➝ Hold	N/A
4/17/2023	SGPPF The SPAR Group	Downgrade	$6.00		Buy ➝ Hold	N/A
4/17/2023	MRPLY Mr Price Group	Downgrade	$16.00		Buy	Low
4/17/2023	GFI Gold Fields	Downgrade	$14.00		Buy ➝ Hold	Low
4/17/2023	AU AngloGold Ashanti	Downgrade	$26.00		Buy ➝ Sell	Low
4/14/2023	MHTUF The Merchants Trust	Upgrade	$6.00		Hold ➝ Buy	Low
4/11/2023	STRNY Severn Trent	Downgrade	$35.00		Buy	Low
4/4/2023	EXXAF Exxaro Resources	Downgrade	$9.00		Buy ➝ Hold	Low
4/4/2023	TNGRF Thungela Resources	Downgrade	$7.00		Buy ➝ Sell	Low
4/4/2023	HMY Harmony Gold Mining	Upgrade	$9.00		Hold ➝ Buy	Low
4/4/2023	KIROY Kumba Iron Ore	Upgrade	$6.00		Sell ➝ Buy	Low
4/4/2023	ANGPY Anglo American Platinum	Upgrade	$6.00		Sell ➝ Buy	Low
3/23/2023	TRWKF Truworths International	Upgrade	$2.00		Hold ➝ Buy	N/A
3/23/2023	WLWHY Woolworths	Upgrade	$4.00		Hold	Low
3/23/2023	FHNGY The Foschini Group	Upgrade	$9.00		Hold ➝ Buy	N/A
3/23/2023	MRPLY Mr Price Group	Upgrade	$16.00		Hold ➝ Buy	Low
3/23/2023	SGPPF The SPAR Group	Upgrade	$6.00		Hold ➝ Buy	Low
3/23/2023	PKPYY Pick n Pay Stores	Upgrade	$7.00		Hold ➝ Buy	Low
3/17/2023	RITPF RIT Capital Partners	Downgrade	$24.00		Hold ➝ Sell	Low
2/23/2023	HLN Haleon	Initiated Coverage	$10.00		Sell	Low
2/17/2023	DNLMY Dunelm Group	Upgrade	$14.00		Hold ➝ Buy	Low
2/14/2023	RTBBF Rathbones Group	Downgrade	$21.00		Buy ➝ Hold	Low
2/14/2023	RAT Rathbones Group	Downgrade	GBX 1,668	GBX 2,195	Hold	N/A
2/10/2023	SCBFF Standard Chartered	Downgrade	$12.00		Buy ➝ Hold	Low
2/6/2023	SECCF Serco Group	Initiated Coverage	$2.00		Buy	Low
2/3/2023	SCBFF Standard Chartered	Upgrade	$12.00		Hold ➝ Buy	Low
2/1/2023	DSITF Currys	Upgrade	$1.00		Hold ➝ Buy	Low
1/31/2023	DEO Diageo	Upgrade	$119.00		Hold ➝ Buy	Low
1/31/2023	DGE Diageo	Upgrade	GBX 2,352	GBX 3,900	Buy	N/A
1/13/2023	KIROY Kumba Iron Ore	Downgrade	$6.00		Buy ➝ Sell	Low
1/13/2023	ANGPY Anglo American Platinum	Downgrade	$6.00		Buy ➝ Sell	Low
1/13/2023	AU AngloGold Ashanti	Upgrade	$26.00		Sell ➝ Buy	Low
1/10/2023	PROSY Prosus	Downgrade	$8.00		Buy ➝ Hold	N/A
1/10/2023	NXGPF NEXT	Downgrade	$123.00		Buy ➝ Hold	N/A
1/6/2023	GBGPF GB Group	Upgrade	$5.00		Hold ➝ Buy	Low
1/6/2023	SCBFF Standard Chartered	Downgrade	$12.00		Buy ➝ Hold	Low
12/19/2022	DSITF Currys	Downgrade	$1.00		Buy ➝ Hold	Low
12/15/2022	PNXGF Phoenix Group	Upgrade	$7.00		Hold ➝ Buy	Low
12/15/2022	AVVIY Aviva	Downgrade	$12.00		Buy ➝ Hold	Low
12/14/2022	MBPFF Mitchells & Butlers	Initiated Coverage	$3.00		Hold	Low
12/7/2022	PSMMY Persimmon	Downgrade	$31.00		Buy ➝ Hold	Low
12/5/2022	RITPF RIT Capital Partners	Downgrade	$24.00		Buy ➝ Hold	N/A
11/29/2022	DEITF Devro	Downgrade	$4.00		Buy ➝ Hold	Low
11/17/2022	ANHGY Mediclinic International	Downgrade	$5.00		Buy ➝ Hold	N/A
11/16/2022	IGESF Star Energy Group	Upgrade	$0.00		Hold ➝ Buy	N/A
11/16/2022	PMOIF Harbour Energy	Downgrade	$3.00		Buy ➝ Hold	Low
11/14/2022	HSHPF Hill & Smith	Upgrade	$26.00		Hold ➝ Buy	Low
11/14/2022	CBGPY Close Brothers Group	Downgrade	$5.00		Hold ➝ Sell	Low
11/11/2022	MBNKF Metro Bank	Downgrade	$1.00		Buy ➝ Hold	Low
10/28/2022	CBGPY Close Brothers Group	Downgrade	$5.00		Buy ➝ Hold	N/A
10/14/2022	INFY Infosys	Upgrade	$22.00		Hold ➝ Buy	Low
10/7/2022	STRNY Severn Trent	Upgrade	$35.00		Hold ➝ Buy	N/A
10/5/2022	GBGPF GB Group	Downgrade	$5.00		Buy ➝ Hold	Low
10/3/2022	MBNKF Metro Bank	Upgrade	$1.00		Hold ➝ Buy	Low
9/30/2022	KIROY Kumba Iron Ore	Upgrade	$6.00		Sell ➝ Buy	Low
9/30/2022	SBSW Sibanye Stillwater	Upgrade	$4.00		Hold ➝ Buy	Low
9/30/2022	IMPUY Impala Platinum	Upgrade	$6.00		Hold ➝ Buy	Low
9/30/2022	ANGPY Anglo American Platinum	Upgrade	$6.00		Hold ➝ Buy	Low
9/30/2022	AU AngloGold Ashanti	Downgrade	$26.00		Buy ➝ Sell	Low
9/27/2022	BFFBF Biffa	Downgrade	$5.00		Buy ➝ Hold	Low
9/14/2022	ALFDF Astral Foods	Downgrade	$10.00		Buy ➝ Hold	N/A
9/13/2022	MBNKF Metro Bank	Downgrade	$1.00		Buy ➝ Hold	Low
9/13/2022	LCSHF Lancashire	Upgrade	$8.00		Hold ➝ Buy	Low