Berenberg Bank Lowers Interserve plc (IRV) Price Target to GBX 200
Interserve plc (LON:IRV) had its price objective dropped by stock analysts at Berenberg Bank from GBX 260 ($3.36) to GBX 200 ($2.59) in a research note issued on Tuesday. The brokerage presently has a “hold” rating on the stock. Berenberg Bank’s price target points to a potential upside of 18.17% from the stock’s current price.
A number of other brokerages have also commented on IRV. Peel Hunt reiterated a “reduce” rating and set a GBX 200 ($2.59) price target on shares of Interserve plc in a report on Friday, May 12th. Liberum Capital reiterated a “hold” rating and set a GBX 240 ($3.10) price target on shares of Interserve plc in a report on Friday, May 12th. Finally, Numis Securities Ltd reiterated a “buy” rating and set a GBX 395 ($5.11) price target on shares of Interserve plc in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Interserve plc presently has an average rating of “Hold” and an average price target of GBX 265 ($3.43).
Interserve plc (LON:IRV) opened at 167.50 on Tuesday. The firm’s market capitalization is GBX 244.07 million. The company has a 50 day moving average price of GBX 215.11 and a 200-day moving average price of GBX 233.27. Interserve plc has a one year low of GBX 167.00 and a one year high of GBX 449.38.
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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.
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