Interserve plc (IRV) Earns “Sell” Rating from Liberum Capital
Interserve plc (LON:IRV)‘s stock had its “sell” rating reiterated by equities researchers at Liberum Capital in a research note issued to investors on Monday. They presently have a GBX 280 ($3.65) price target on the stock. Liberum Capital’s target price suggests a potential downside of 18.66% from the stock’s current price.
A number of other equities analysts have also weighed in on IRV. Beaufort Securities reaffirmed a “buy” rating on shares of Interserve plc in a research note on Thursday, August 11th. JPMorgan Chase & Co. boosted their price target on shares of Interserve plc from GBX 416 ($5.43) to GBX 425 ($5.55) and gave the stock an “overweight” rating in a research report on Thursday, August 11th. Jefferies Group cut their price target on shares of Interserve plc from GBX 570 ($7.44) to GBX 550 ($7.18) and set a “buy” rating on the stock in a research report on Thursday, August 25th. Peel Hunt reissued a “buy” rating and set a GBX 450 ($5.87) price target on shares of Interserve plc in a research report on Wednesday, August 10th. Finally, Numis Securities Ltd reissued a “buy” rating and set a GBX 535 ($6.98) price target 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 issued a hold rating and six have given a buy rating to the stock. Interserve plc presently has an average rating of “Buy” and a consensus price target of GBX 503.86 ($6.58).
Shares of Interserve plc (LON:IRV) opened at 345.51 on Monday. The company’s 50-day moving average price is GBX 400.78 and its 200-day moving average price is GBX 356.61. The firm’s market capitalization is GBX 502.70 million. Interserve plc has a 52-week low of GBX 214.25 and a 52-week high of GBX 612.50.
The company 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 ($0.11) dividend. The ex-dividend date is Thursday, September 15th. This represents a dividend yield of 2.17%.
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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