Interserve Price Target Cut to GBX 620 (IRV)
Research analysts at Liberum Capital decreased their price target on shares of Interserve (LON:IRV) from GBX 650 ($10.68) to GBX 620 ($10.19) in a report released on Thursday, Analyst Ratings Net reports. The firm currently has a “buy” rating on the stock. Liberum Capital’s target price would suggest a potential upside of 5.08% from the stock’s previous close.
Shares of Interserve (LON:IRV) traded up 0.43% during mid-day trading on Thursday, hitting GBX 590.00. The stock had a trading volume of 64,743 shares. Interserve has a one year low of GBX 458.20 and a one year high of GBX 695.50. The stock has a 50-day moving average of GBX 640.5 and a 200-day moving average of GBX 600.3. The company’s market cap is £753.9 million.
A number of other analysts have also recently weighed in on IRV. Analysts at Peel Hunt downgraded shares of Interserve to a “sell” rating in a research note to investors on Thursday, January 23rd. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Interserve from GBX 660 ($10.85) to GBX 708 ($11.64) in a research note to investors on Wednesday, January 8th. They now have an “overweight” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Interserve in a research note to investors on Wednesday, November 13th. They now have a GBX 660 ($10.85) price target on the stock. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 541.20 ($8.89).
Interserve Plc is a support services and construction company. The Company offers advice, design, construction, equipment and facilities management services for society’s infrastructure.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.