Interserve plc (IRV) Given New GBX 68 Price Target at J P Morgan Chase & Co

Interserve plc (LON:IRV) had its target price cut by J P Morgan Chase & Co from GBX 78 ($1.04) to GBX 68 ($0.90) in a research report report published on Friday morning. They currently have a neutral rating on the stock.

A number of other brokerages also recently commented on IRV. Liberum Capital reaffirmed a hold rating and set a GBX 240 ($3.19) target price on shares of Interserve plc in a research note on Monday, June 26th. Peel Hunt reaffirmed a reduce rating and set a GBX 200 ($2.66) target price on shares of Interserve plc in a research note on Wednesday, August 9th. Numis Securities Ltd reaffirmed a buy rating and set a GBX 395 ($5.25) target price on shares of Interserve plc in a research note on Wednesday, August 9th. Finally, Berenberg Bank reduced their target price on shares of Interserve plc from GBX 260 ($3.45) to GBX 200 ($2.66) and set a hold rating on the stock in a research note on Tuesday, August 29th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Interserve plc currently has an average rating of Hold and an average price target of GBX 179.86 ($2.39).

Interserve plc (LON IRV) traded up 16.79% during mid-day trading on Friday, hitting GBX 76.50. 13,460,805 shares of the stock were exchanged. Interserve plc has a 52-week low of GBX 52.75 and a 52-week high of GBX 385.50. The stock’s 50 day moving average is GBX 120.84 and its 200 day moving average is GBX 197.53. The stock’s market cap is GBX 111.47 million.

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In related news, insider Glyn Barker purchased 62,500 shares of the company’s stock in a transaction on Monday, September 18th. The stock was acquired at an average cost of GBX 90 ($1.20) per share, for a total transaction of £56,250 ($74,740.90). Also, 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 price of GBX 76 ($1.01) per share, with a total value of £49,710.08 ($66,051.13). Insiders have acquired 128,189 shares of company stock worth $10,638,649 over the last ninety days.

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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