Interserve plc (IRV) Receives “Buy” Rating from Liberum Capital
Interserve plc (LON:IRV)‘s stock had its “buy” rating reissued by stock analysts at Liberum Capital in a research note issued to investors on Thursday. They presently have a GBX 180 ($2.38) target price on the stock. Liberum Capital’s price target would indicate a potential upside of 137.62% from the stock’s current price.
Several other research analysts also recently issued reports on IRV. Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 395 ($5.21) price target on shares of Interserve plc in a research note on Wednesday, August 9th. Peel Hunt reaffirmed a “reduce” rating and set a GBX 200 ($2.64) price target on shares of Interserve plc in a research note on Wednesday, August 9th. J P Morgan Chase & Co lifted their price target on Interserve plc from GBX 78 ($1.03) to GBX 243 ($3.21) and gave the stock a “neutral” rating in a research note on Monday, September 18th. Finally, Berenberg Bank cut their price target on Interserve plc from GBX 260 ($3.43) to GBX 200 ($2.64) and set a “hold” rating for the company in a research note on Tuesday, August 29th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 179.86 ($2.37).
Interserve plc (IRV) traded down 0.98% during trading on Thursday, reaching GBX 75.75. 3,880,156 shares of the company’s stock were exchanged. The firm’s market capitalization is GBX 110.38 million. The stock has a 50-day moving average price of GBX 116.92 and a 200 day moving average price of GBX 196.18. Interserve plc has a 52 week low of GBX 52.75 and a 52 week high of GBX 385.50.
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In other news, insider Glyn Barker bought 62,500 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The stock was purchased at an average price of GBX 90 ($1.19) per share, with a total value of £56,250 ($74,228.03). Also, insider Debbie White bought 65,408 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was purchased at an average cost of GBX 76 ($1.00) per share, with a total value of £49,710.08 ($65,597.89). Insiders purchased a total of 128,189 shares of company stock valued at $10,638,649 in the last three months.
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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