Interserve plc (IRV) Insider Acquires £56,250 in Stock
Interserve plc (LON:IRV) insider Glyn Barker acquired 62,500 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was acquired at an average price of GBX 90 ($1.16) per share, for a total transaction of £56,250 ($72,646.26).
Interserve plc (IRV) traded up 25.46% on Monday, hitting GBX 102.25. The company had a trading volume of 2,412,475 shares. The firm’s 50 day moving average price is GBX 183.06 and its 200 day moving average price is GBX 217.72. The stock’s market cap is GBX 148.99 million. Interserve plc has a 12-month low of GBX 67.25 and a 12-month high of GBX 406.36.
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A number of research analysts recently issued reports on IRV shares. Liberum Capital restated a “hold” rating and set a GBX 240 ($3.10) price target on shares of Interserve plc in a research note on Monday, June 26th. Peel Hunt reissued a “reduce” rating and issued a GBX 200 ($2.58) price target on shares of Interserve plc in a report on Wednesday, August 9th. Numis Securities Ltd reissued a “buy” rating and issued a GBX 395 ($5.10) price target on shares of Interserve plc in a report on Wednesday, August 9th. Berenberg Bank reduced their price target on Interserve plc from GBX 260 ($3.36) to GBX 200 ($2.58) and set a “hold” rating for the company in a report on Tuesday, August 29th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and set a GBX 243 ($3.14) price objective on shares of Interserve plc in a report on Tuesday, September 12th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of GBX 246.86 ($3.19).
Interserve plc Company Profile
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.
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