The Beaufort Securities Reaffirms Buy Rating for Interserve plc (IRV)

The Beaufort Securities Reaffirms Buy Rating for Interserve plc (IRV)

Interserve plc (LON:IRV)‘s stock had its “buy” rating restated by analysts at Beaufort Securities in a note issued to investors on Tuesday.

A number of other equities analysts have also issued reports on the stock. Berenberg Bank lowered shares of Interserve plc to a “hold” rating in a research report on Friday, July 1st. Peel Hunt reissued a “buy” rating and set a GBX 450 ($5.48) price target on shares of Interserve plc in a research report on Friday, July 8th. Liberum Capital reaffirmed a “sell” rating and set a GBX 280 ($3.41) price objective on shares of Interserve plc in a research note on Friday, September 9th. Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 535 ($6.52) price objective on shares of Interserve plc in a research note on Wednesday, August 10th. Finally, Jefferies Group dropped their price objective on shares of Interserve plc from GBX 570 ($6.95) to GBX 550 ($6.70) and set a “buy” rating on the stock in a research note on Thursday, August 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of GBX 503.86 ($6.14).

Shares of Interserve plc (LON:IRV) opened at 350.75 on Tuesday. The company’s market capitalization is GBX 510.33 million. Interserve plc has a 12 month low of GBX 214.25 and a 12 month high of GBX 595.50. The company’s 50-day moving average is GBX 390.64 and its 200 day moving average is GBX 351.54.

The firm also recently announced a dividend, which will be paid on Friday, October 21st. Shareholders 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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