The Peel Hunt Reaffirms “Buy” Rating for Interserve plc (IRV)

The Peel Hunt Reaffirms “Buy” Rating for Interserve plc (IRV)

Peel Hunt reaffirmed their buy rating on shares of Interserve plc (LON:IRV) in a report released on Monday morning. They currently have a GBX 450 ($5.57) price target on the stock.

A number of other research analysts also recently issued reports on IRV. Berenberg Bank downgraded shares of Interserve plc to a hold rating in a research report on Friday, July 1st. JPMorgan Chase & Co. cut their target price on shares of Interserve plc from GBX 500 ($6.19) to GBX 416 ($5.15) and set an overweight rating on the stock in a research report on Friday, July 8th. Numis Securities Ltd restated a buy rating and set a GBX 535 ($6.62) target price on shares of Interserve plc in a research report on Wednesday, August 10th. Beaufort Securities restated a buy rating on shares of Interserve plc in a research report on Thursday, August 11th. Finally, Jefferies Group cut their target price on shares of Interserve plc from GBX 570 ($7.05) to GBX 550 ($6.81) and set a buy rating on the stock in a research report on Thursday, August 25th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. Interserve plc currently has a consensus rating of Buy and an average price target of GBX 503.86 ($6.24).

Interserve plc (LON:IRV) opened at 347.25 on Monday. The stock has a 50 day moving average of GBX 397.39 and a 200 day moving average of GBX 353.76. Interserve plc has a 52 week low of GBX 214.25 and a 52 week high of GBX 601.00. The firm’s market cap is GBX 505.23 million.

The firm also recently announced a dividend, which will be paid on Friday, October 21st. Investors of record on Thursday, September 15th will be paid a dividend of GBX 8.10 ($0.10) per share. The ex-dividend date of this dividend is Thursday, September 15th. This represents a yield of 2.17%.

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