Numis Securities Ltd Reiterates Buy Rating for Interserve plc (IRV)
Interserve plc (LON:IRV)‘s stock had its “buy” rating restated by equities researchers at Numis Securities Ltd in a research report issued on Friday. They currently have a GBX 718 ($12.19) price target on the stock. Numis Securities Ltd’s target price would indicate a potential upside of 13.25% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Berenberg Bank initiated coverage on shares of Interserve plc in a research note on Friday, July 25th. They set a “buy” rating and a GBX 750 ($12.74) price target on the stock. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of Interserve plc in a research note on Monday, July 21st. They now have a GBX 750 ($12.74) price target on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Interserve plc from GBX 806 ($13.69) to GBX 800 ($13.58) in a research note on Wednesday, July 9th. They now have an “overweight” rating on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of GBX 735.50 ($12.49).
Interserve plc (LON:IRV) traded down 0.39% during mid-day trading on Friday, hitting GBX 634.00. 141,981 shares of the company’s stock traded hands. Interserve plc has a 1-year low of GBX 104.28 and a 1-year high of GBX 751.50. The stock’s 50-day moving average is GBX 615.7 and its 200-day moving average is GBX 638.3. The company’s market cap is £817.8 million.
Interserve Plc is a support services and construction company. The Company offers advice, design, construction, equipment and facilities management services for society’s infrastructure.
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