Interserve plc PT Raised to GBX 833 (IRV)
Jefferies Group lifted their target price on shares of Interserve plc (LON:IRV) from GBX 813 ($13.68) to GBX 833 ($14.02) in a research note issued on Friday. The firm currently has a “buy” rating on the stock. Jefferies Group’s price objective suggests a potential upside of 29.55% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Interserve plc in a research note on Tuesday. They now have a GBX 800 ($13.46) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Interserve plc in a research note on Friday, August 1st. They now have a GBX 718 ($12.08) price target on the stock. Finally, 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 ($12.62) price target on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. Interserve plc presently has an average rating of “Buy” and a consensus target price of GBX 738.83 ($12.43).
Interserve plc (LON:IRV) traded up 0.55% on Friday, hitting GBX 643.00. The stock had a trading volume of 339,494 shares. Interserve plc has a 52 week low of GBX 104.28 and a 52 week high of GBX 751.50. The stock’s 50-day moving average is GBX 618.0 and its 200-day moving average is GBX 636.6. The company’s market cap is £889.4 million.
The company also recently announced a dividend, which is scheduled for Thursday, October 23rd. Stockholders of record on Wednesday, September 17th will be given a dividend of GBX 7.50 ($0.13) per share. This represents a yield of 1.18%. The ex-dividend date of this dividend is Wednesday, September 17th.
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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