Interserve plc (IRV) Earns “Reduce” Rating from Peel Hunt

Peel Hunt reissued their reduce rating on shares of Interserve plc (LON:IRV) in a research note published on Thursday.

Several other research firms have also weighed in on IRV. Liberum Capital restated a hold rating and issued a GBX 240 ($3.10) target price on shares of Interserve plc in a report on Monday, June 26th. Numis Securities Ltd restated a buy rating and issued a GBX 395 ($5.10) target price on shares of Interserve plc in a report on Wednesday, August 9th. Berenberg Bank reduced their target price on Interserve plc from GBX 260 ($3.36) to GBX 200 ($2.58) and set a hold rating for the company in a report on Tuesday, August 29th. Finally, J P Morgan Chase & Co restated a neutral rating and issued a GBX 243 ($3.14) target price on shares of Interserve plc in a report on Tuesday, September 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of GBX 262.57 ($3.39).

Shares of Interserve plc (LON IRV) opened at 81.50 on Thursday. Interserve plc has a 12 month low of GBX 67.16 and a 12 month high of GBX 406.36. The firm’s market cap is GBX 118.76 million. The firm has a 50-day moving average of GBX 183.06 and a 200 day moving average of GBX 217.72.

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In other Interserve plc news, insider Debbie White purchased 65,408 shares of the company’s stock in a transaction on Friday, September 15th. The shares were bought at an average cost of GBX 76 ($0.98) per share, with a total value of £49,710.08 ($64,200.03). Over the last 90 days, insiders purchased 65,610 shares of company stock valued at $5,010,992.

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.

Analyst Recommendations for Interserve plc (LON:IRV)

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