Liberum Capital Cuts Interserve (IRV) Price Target to GBX 65

Interserve (LON:IRV) had its price objective decreased by equities research analysts at Liberum Capital from GBX 90 ($1.15) to GBX 65 ($0.83) in a research report issued on Wednesday. The firm presently has a “hold” rating on the stock. Liberum Capital’s price objective indicates a potential upside of 3.92% from the stock’s current price.

IRV has been the topic of a number of other reports. JPMorgan Chase & Co. increased their target price on shares of Interserve from GBX 93 ($1.19) to GBX 95 ($1.21) and gave the stock a “neutral” rating in a report on Wednesday, August 8th. Peel Hunt reiterated a “buy” rating on shares of Interserve in a report on Tuesday, August 7th. Finally, Numis Securities reiterated a “buy” rating on shares of Interserve in a report on Monday, April 30th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 108.17 ($1.38).

Shares of IRV stock opened at GBX 62.55 ($0.80) on Wednesday. Interserve has a one year low of GBX 52.75 ($0.67) and a one year high of GBX 249.75 ($3.19).

In other Interserve news, insider Nicholas Pollard bought 7,723 shares of Interserve stock in a transaction on Wednesday, June 27th. The shares were bought at an average cost of GBX 64 ($0.82) per share, for a total transaction of £4,942.72 ($6,305.29).

About Interserve

Interserve Plc provides advice, design, construction, equipment, facilities management, and citizen services in the United Kingdom and internationally. Its Support Services segment offers support services to public- and private-sector clients. The company's Construction segment designs, constructs, and maintains buildings and infrastructure.

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