Interserve plc (IRV) Stock Rating Reaffirmed by Peel Hunt
Interserve plc (LON:IRV)‘s stock had its “buy” rating reaffirmed by investment analysts at Peel Hunt in a note issued to investors on Monday. They currently have a GBX 450 ($5.87) target price on the stock. Peel Hunt’s price objective would indicate a potential upside of 30.72% from the company’s current price.
A number of other brokerages have also recently commented on IRV. Liberum Capital reiterated a “sell” rating and issued a GBX 280 ($3.65) target price on shares of Interserve plc in a research report on Monday. Beaufort Securities reiterated a “buy” rating on shares of Interserve plc in a research report on Tuesday, September 20th. Jefferies Group reduced their target price on shares of Interserve plc from GBX 570 ($7.44) to GBX 550 ($7.18) and set a “buy” rating for the company in a research report on Thursday, August 25th. JPMorgan Chase & Co. increased their target price on shares of Interserve plc from GBX 416 ($5.43) to GBX 425 ($5.55) and gave the company an “overweight” rating in a research report on Thursday, August 11th. Finally, Numis Securities Ltd reiterated a “buy” rating and issued a GBX 535 ($6.98) target price on shares of Interserve plc in a research report on Wednesday, August 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of GBX 503.86 ($6.58).
Shares of Interserve plc (LON:IRV) opened at 346.75 on Monday. The company’s market cap is GBX 504.51 million. The company’s 50-day moving average is GBX 400.78 and its 200-day moving average is GBX 356.61. Interserve plc has a one year low of GBX 214.25 and a one year high of GBX 612.50.
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The company also recently disclosed a dividend, which will be paid on Friday, October 21st. Investors of record on Thursday, September 15th will be issued a GBX 8.10 ($0.11) dividend. This represents a dividend yield of 2.17%. The ex-dividend date is Thursday, September 15th.
About Interserve plc
Interserve Plc is a United Kingdom-based support services and construction company. The Company provides a range of integrated services in the outsourcing and construction markets. It has four operational segments: Support Services, Construction, Equipment Services and Investments. Support Services focuses on the management and delivery of operational services to both public and private-sector clients in the United Kingdom and internationally.
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