Liberum Capital Reiterates Buy Rating for Interserve plc (IRV)
Interserve plc (LON:IRV)‘s stock had its “buy” rating reiterated by equities researchers at Liberum Capital in a research note issued on Thursday, MarketBeat Ratings reports. They presently have a GBX 240 ($3.24) price objective on the stock, up from their prior price objective of GBX 180 ($2.43). Liberum Capital’s price target indicates a potential upside of 194.48% from the stock’s current price.
A number of other research analysts have also recently commented on the company. J P Morgan Chase & Co restated a “neutral” rating and set a GBX 243 ($3.28) price target on shares of Interserve plc in a research note on Tuesday, September 12th. Berenberg Bank decreased their price target on Interserve plc from GBX 260 ($3.51) to GBX 200 ($2.70) and set a “hold” rating on the stock in a research note on Tuesday, August 29th. Numis Securities Ltd restated a “buy” rating and set a GBX 395 ($5.33) price target on shares of Interserve plc in a research note on Wednesday, August 9th. Finally, Peel Hunt restated a “reduce” rating and set a GBX 200 ($2.70) price target on shares of Interserve plc in a research note on Wednesday, August 9th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 246.86 ($3.33).
Interserve plc (IRV) traded up 25.77% on Thursday, reaching GBX 102.50. The company’s stock had a trading volume of 3,272,943 shares. Interserve plc has a 52 week low of GBX 67.25 and a 52 week high of GBX 406.36. The firm’s market capitalization is GBX 149.36 million. The company has a 50 day moving average of GBX 178.12 and a 200 day moving average of GBX 216.44.
In related news, insider Debbie White acquired 65,408 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were acquired at an average price of GBX 76 ($1.02) per share, with a total value of £49,710.08 ($67,021.81). Also, insider Glyn Barker acquired 62,500 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were bought at an average cost of GBX 90 ($1.21) per share, for a total transaction of £56,250 ($75,839.29). Insiders have bought 128,110 shares of company stock worth $10,635,992 in the last ninety days.
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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