Liberum Capital Reiterates Buy Rating for Interserve plc (IRV)
A number of other equities analysts also recently issued reports on IRV. Numis Securities Ltd reaffirmed a buy rating and set a GBX 395 ($5.20) price objective on shares of Interserve plc in a report on Wednesday, August 9th. Peel Hunt reiterated a reduce rating and set a GBX 200 ($2.63) target price on shares of Interserve plc in a research note on Wednesday, August 9th. J P Morgan Chase & Co lifted their target price on Interserve plc from GBX 78 ($1.03) to GBX 243 ($3.20) and gave the stock a neutral rating in a research note on Monday, September 18th. Finally, Berenberg Bank lowered their target price on Interserve plc from GBX 260 ($3.42) to GBX 200 ($2.63) and set a hold rating on the stock 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’s stock. Interserve plc presently has an average rating of Hold and an average price target of GBX 164.29 ($2.16).
Shares of Interserve plc (LON:IRV) opened at GBX 83.10 ($1.09) on Friday. Interserve plc has a twelve month low of GBX 52.75 ($0.69) and a twelve month high of GBX 385.50 ($5.07).
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In other news, insider Glyn Barker acquired 62,500 shares of the stock in a transaction that occurred on Monday, September 18th. The shares were acquired at an average cost of GBX 90 ($1.18) per share, for a total transaction of £56,250 ($73,983.95). Also, insider Debbie White acquired 65,408 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was purchased at an average price of GBX 76 ($1.00) per share, for a total transaction of £49,710.08 ($65,382.19). Insiders have bought a total of 128,320 shares of company stock worth $10,641,120 over the last quarter.
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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