JP Morgan Cazenove announced Interserve PLC (LON:IRV), boosting its stock price target to 476.00GBX today
- Updated: September 18, 2016
Stating a possible upside of 0.24%, JP Morgan Cazenove bumped the estimated target of Interserve PLC (LON:IRV) to 476GBX.
Displaying a price of 385.13GBX, Interserve PLC (LON:IRV) traded 1.61% higher on the day. With the last close up 8.53% from the 200-day average, compared to the S&P 500 which has fallen -0.01% over the same time period. Interserve PLC has been tracking to a 50-day moving average of 382.67GBX and 200-day moving average of 363.26GBX. Trade volume was was down over the average, with 395,546 shares of IRV changing hands under the typical 762,108 shares.
Interserve PLC has a PE of 197 with a 52 week low of 214.25GBX and a 52 week high of 615.00GBX and has a total market value of 0.0 GBX.
Also covering Interserve PLC’s price target, a total of 7 equity analysts have issued a ratings update on the stock. The consensus target is 464.57GBX with four analysts rating the stock a strong buy, two analysts rating the company a buy, 0 firms rating the stock a hold, 0 rating the stock to underperform, and finally one brokeragerating the stock as sell.
About Interserve PLC (LON:IRV)
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. The Support Services segment focuses on the management and delivery of operational services to both public and private-sector clients in the United Kingdom and internationally. The Construction segment offers design, development, consultancy and construction services for building and infrastructure projects. The Equipment Services segment operates globally, designing, hiring and selling formwork and falsework solutions for use in infrastructure and building projects. It provides outsourced services in sectors, such as hospitality, leisure, education, defense, retail, and and oil and gas across the Middle East region.
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