Interserve plc (IRV) Given Consensus Rating of “Hold” by Brokerages
Interserve plc (LON:IRV) has received a consensus rating of “Hold” from the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is GBX 280.43 ($3.55).
IRV has been the topic of several analyst reports. Liberum Capital reiterated a “sell” rating and issued a GBX 270 ($3.42) target price on shares of Interserve plc in a research note on Monday, February 20th. Peel Hunt downgraded Interserve plc to a “reduce” rating and lowered their target price for the company from GBX 250 ($3.16) to GBX 200 ($2.53) in a research note on Monday, March 13th. J P Morgan Chase & Co downgraded Interserve plc to a “neutral” rating and lowered their target price for the company from GBX 518 ($6.55) to GBX 253 ($3.20) in a research note on Tuesday, February 21st. Jefferies Group LLC lowered their target price on Interserve plc from GBX 550 ($6.96) to GBX 300 ($3.80) and set a “buy” rating on the stock in a research note on Wednesday, March 1st. Finally, Berenberg Bank reduced their price target on Interserve plc from GBX 330 ($4.17) to GBX 260 ($3.29) and set a “hold” rating for the company in a report on Wednesday, February 22nd.
COPYRIGHT VIOLATION NOTICE: This story was first posted by American Banking News and is the property of of American Banking News. If you are accessing this story on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/06/13/interserve-plc-irv-given-consensus-rating-of-hold-by-brokerages.html.
Shares of Interserve plc (IRV) traded up 2.08% on Tuesday, reaching GBX 232.75. The company’s stock had a trading volume of 562,747 shares. Interserve plc has a 1-year low of GBX 205.00 and a 1-year high of GBX 449.38. The stock has a 50-day moving average price of GBX 231.69 and a 200-day moving average price of GBX 271.10. The company’s market capitalization is GBX 339.15 million.
About Interserve plc
Interserve Plc is a United Kingdom-based support services and construction company that offers advice, design, construction, equipment, facilities management and frontline public services. The Company provides a range of integrated services in the outsourcing and construction markets. It operates through three segments: Support Services, Construction and Equipment Services.
Receive News & Ratings for Interserve plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interserve plc and related companies with MarketBeat.com's FREE daily email newsletter.