Interserve plc’s (IRV) “Buy” Rating Reiterated at Peel Hunt
Interserve plc (LON:IRV)‘s stock had its “buy” rating reaffirmed by stock analysts at Peel Hunt in a report issued on Monday. They presently have a GBX 450 ($5.57) price target on the stock. Peel Hunt’s target price indicates a potential upside of 28.39% from the stock’s previous close.
A number of other research firms also recently weighed in on IRV. Berenberg Bank downgraded Interserve plc to a “hold” rating in a research report on Friday, July 1st. Beaufort Securities restated a “buy” rating on shares of Interserve plc in a research report on Tuesday, September 20th. Numis Securities Ltd restated a “buy” rating and issued a GBX 535 ($6.62) target price on shares of Interserve plc in a research report on Wednesday, August 10th. Liberum Capital restated a “sell” rating and issued a GBX 280 ($3.47) target price on shares of Interserve plc in a research report on Friday, September 9th. Finally, JPMorgan Chase & Co. upped their target price on Interserve plc from GBX 416 ($5.15) to GBX 425 ($5.26) and gave the stock an “overweight” rating in a research report on Thursday, August 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. Interserve plc presently has an average rating of “Buy” and a consensus price target of GBX 503.86 ($6.24).
Shares of Interserve plc (LON:IRV) traded down 1.34% during midday trading on Monday, hitting GBX 350.50. The stock had a trading volume of 767,983 shares. Interserve plc has a 12-month low of GBX 214.25 and a 12-month high of GBX 609.34. The company’s 50-day moving average price is GBX 400.79 and its 200-day moving average price is GBX 354.93. The firm’s market cap is GBX 509.96 million.
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The firm also recently announced a dividend, which will be paid on Friday, October 21st. Stockholders of record on Thursday, September 15th will be issued a GBX 8.10 ($0.10) dividend. The ex-dividend date of this dividend is Thursday, September 15th. This represents a dividend yield of 2.17%.
Interserve plc Company Profile
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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