Interserve plc’s (IRV) “Buy” Rating Reiterated at Liberum Capital

Interserve plc (LON:IRV)‘s stock had its “buy” rating restated by Liberum Capital in a note issued to investors on Thursday, October 19th. They currently have a GBX 180 ($2.38) target price on the stock. Liberum Capital’s price objective indicates a potential upside of 140.00% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. Numis Securities Ltd restated a “buy” rating and set a GBX 171 ($2.26) price target on shares of Interserve plc in a research note on Friday, September 22nd. Berenberg Bank cut their price objective on Interserve plc from GBX 260 ($3.43) to GBX 200 ($2.64) and set a “hold” rating for the company in a research report on Tuesday, August 29th. Peel Hunt upgraded Interserve plc to a “hold” rating and set a GBX 90 ($1.19) price objective for the company in a research report on Monday, September 18th. Finally, J P Morgan Chase & Co increased their price objective on Interserve plc from GBX 78 ($1.03) to GBX 243 ($3.21) and gave the stock a “neutral” rating in a research report on Monday, September 18th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 168.57 ($2.22).

Shares of Interserve plc (IRV) opened at 75.00 on Thursday. The stock’s market cap is GBX 109.29 million. Interserve plc has a 52 week low of GBX 52.75 and a 52 week high of GBX 385.50. The stock has a 50 day moving average of GBX 110.79 and a 200 day moving average of GBX 193.21.

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In other news, insider Glyn Barker purchased 62,500 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was acquired at an average price of GBX 90 ($1.19) per share, for a total transaction of £56,250 ($74,228.03). Also, insider Debbie White purchased 65,408 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was purchased at an average price of GBX 76 ($1.00) per share, with a total value of £49,710.08 ($65,597.89). In the last 90 days, insiders bought 128,189 shares of company stock valued at $10,638,649.

Interserve plc Company Profile

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.

Analyst Recommendations for Interserve plc (LON:IRV)

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