Interserve plc (LON:IRV) had its target price increased by J P Morgan Chase & Co from GBX 78 ($1.05) to GBX 243 ($3.28) in a research note published on Monday morning. J P Morgan Chase & Co currently has a neutral rating on the stock.
Other analysts also recently issued reports about the stock. Numis Securities Ltd restated a buy rating and issued a GBX 395 ($5.33) target price on shares of Interserve plc in a report on Wednesday, August 9th. Peel Hunt restated a reduce rating on shares of Interserve plc in a report on Thursday, September 14th. Liberum Capital restated a buy rating and issued a GBX 240 ($3.24) target price (up from GBX 180 ($2.43)) on shares of Interserve plc in a report on Thursday, September 14th. Finally, Berenberg Bank reduced their target price on shares of Interserve plc from GBX 260 ($3.51) to GBX 200 ($2.70) and set a hold rating on the stock in a report on Tuesday, August 29th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Interserve plc presently has a consensus rating of Hold and an average target price of GBX 246.86 ($3.33).
Interserve plc (IRV) opened at 99.00 on Monday. The company’s market capitalization is GBX 144.26 million. The stock’s 50 day moving average price is GBX 178.12 and its 200-day moving average price is GBX 216.44. Interserve plc has a 52 week low of GBX 67.25 and a 52 week high of GBX 406.36.
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In other Interserve plc news, insider Glyn Barker bought 62,500 shares of Interserve plc stock in a transaction dated Monday, September 18th. The shares were purchased at an average cost of GBX 90 ($1.21) per share, for a total transaction of £56,250 ($75,839.29). Also, insider Debbie White bought 65,408 shares of Interserve plc stock in a transaction dated Friday, September 15th. The stock was acquired at an average price of GBX 76 ($1.02) per share, for a total transaction of £49,710.08 ($67,021.81). Over the last 90 days, insiders bought 128,110 shares of company stock worth $10,635,992.
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.
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