Interserve plc (IRV) Given Average Rating of “Buy” by Analysts
Interserve plc (LON:IRV) has been assigned a consensus recommendation of “Buy” from the eight brokerages that are currently covering the company. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 480.33 ($5.85).
Several research analysts have recently commented on the company. Liberum Capital reiterated a “sell” rating and set a GBX 280 ($3.41) price target on shares of Interserve plc in a report on Monday, October 10th. Jefferies Group reduced their price objective on shares of Interserve plc from GBX 570 ($6.95) to GBX 550 ($6.70) and set a “buy” rating on the stock in a report on Thursday, August 25th. Beaufort Securities restated a “buy” rating on shares of Interserve plc in a report on Thursday, August 11th. JPMorgan Chase & Co. reduced their price objective on shares of Interserve plc from GBX 500 ($6.09) to GBX 416 ($5.07) and set an “overweight” rating on the stock in a report on Friday, July 8th. Finally, Peel Hunt restated a “buy” rating and issued a GBX 450 ($5.48) price objective on shares of Interserve plc in a report on Monday, October 10th.
Interserve plc (LON:IRV) traded up 5.27% during mid-day trading on Tuesday, hitting GBX 369.25. 655,943 shares of the stock were exchanged. The company has a 50 day moving average of GBX 390.99 and a 200 day moving average of GBX 351.60. The firm’s market cap is GBX 537.24 million. Interserve plc has a 12-month low of GBX 214.25 and a 12-month high of GBX 579.00.
The firm also recently declared a dividend, which will be paid on Friday, October 21st. Shareholders of record on Thursday, September 15th will be paid a dividend of GBX 8.10 ($0.10) per share. The ex-dividend date of this dividend is Thursday, September 15th. This represents a 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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