Liberum Capital cut shares of Interserve (LON:IRV) to a hold rating in a research note published on Thursday morning. Liberum Capital currently has GBX 90 ($1.22) target price on the stock, down from their prior target price of GBX 180 ($2.44).
Other analysts also recently issued reports about the company. Stifel Nicolaus raised Interserve to a buy rating and raised their price objective for the stock from GBX 115 ($1.56) to GBX 130 ($1.76) in a research report on Thursday, March 22nd. Numis Securities reissued a buy rating and set a GBX 124 ($1.68) price objective on shares of Interserve in a research report on Thursday, March 22nd. Peel Hunt reissued a buy rating and set a GBX 140 ($1.90) price objective on shares of Interserve in a research report on Thursday, March 22nd. Berenberg Bank cut their price objective on Interserve from GBX 120 ($1.63) to GBX 95 ($1.29) and set a hold rating for the company in a research report on Friday, March 23rd. Finally, JPMorgan Chase raised their price objective on Interserve from GBX 68 ($0.92) to GBX 93 ($1.26) and gave the stock a neutral rating in a research report on Tuesday, May 1st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Interserve presently has an average rating of Buy and an average price target of GBX 112 ($1.52).
Shares of LON:IRV opened at GBX 72.30 ($0.98) on Thursday. Interserve has a 12-month low of GBX 52.75 ($0.72) and a 12-month high of GBX 249.75 ($3.39).
In other news, insider Debbie White bought 37,100 shares of the stock in a transaction that occurred on Thursday, May 10th. The stock was bought at an average cost of GBX 80 ($1.09) per share, for a total transaction of £29,680 ($40,260.44). Also, insider Mark Whiteling bought 30,000 shares of the stock in a transaction that occurred on Monday, April 30th. The shares were purchased at an average price of GBX 94 ($1.28) per share, with a total value of £28,200 ($38,252.85).
Interserve Plc provides advice, design, construction, equipment, facilities management and frontline public services in the United Kingdom and internationally. Its Support Services segment offers outsourced support services to public and private sector clients. The company's Construction segment designs, constructs, and maintains buildings and infrastructure.
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