Interserve plc (IRV) Given Average Recommendation of “Hold” by Brokerages

Interserve plc (LON:IRV) has earned an average recommendation of “Hold” from the seven analysts that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is GBX 164.29 ($2.16).

IRV has been the topic of several research analyst reports. Peel Hunt upgraded Interserve plc to an “add” rating and cut their price objective for the company from GBX 90 ($1.18) to GBX 80 ($1.05) in a report on Friday, October 20th. Liberum Capital reiterated a “buy” rating and issued a GBX 240 ($3.16) price objective (up previously from GBX 180 ($2.37)) on shares of Interserve plc in a report on Thursday, September 14th. Numis Securities Ltd reiterated a “buy” rating and issued a GBX 171 ($2.25) price objective on shares of Interserve plc in a report on Friday, September 22nd. Berenberg Bank cut their price objective on Interserve plc from GBX 260 ($3.42) to GBX 200 ($2.63) and set a “hold” rating on the stock in a report on Tuesday, August 29th. Finally, J P Morgan Chase & Co boosted their price objective on Interserve plc from GBX 78 ($1.03) to GBX 243 ($3.20) and gave the company a “neutral” rating in a report on Monday, September 18th.

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Shares of Interserve plc (LON IRV) opened at GBX 81 ($1.07) on Monday. Interserve plc has a 1-year low of GBX 52.75 ($0.69) and a 1-year high of GBX 385.50 ($5.07).

In other Interserve plc news, insider Debbie White acquired 65,408 shares of the stock in a transaction dated Friday, September 15th. The stock was acquired at an average cost of GBX 76 ($1.00) per share, with a total value of £49,710.08 ($65,382.19). Also, insider Glyn Barker acquired 62,500 shares of the stock in a transaction dated Monday, September 18th. The shares were acquired at an average cost of GBX 90 ($1.18) per share, with a total value of £56,250 ($73,983.95). Insiders have purchased a total of 128,134 shares of company stock valued at $10,626,054 over the last three months.

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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