Serco Group Stock Rating Reaffirmed by JPMorgan Chase & Co. (SRP)
Serco Group (LON:SRP)‘s stock had its “overweight” rating reiterated by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Tuesday, American Banking and Market News reports. They currently have a GBX 646 ($10.10) price objective on the stock. JPMorgan Chase & Co.’s price target would suggest a potential upside of 14.44% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Prime Markets reiterated a “sell” rating on shares of Serco Group (LON:SRP) in a research note to investors on Monday. They now have a GBX 500 ($7.82) price target on the stock. Separately, analysts at UBS AG cut their price target on shares of Serco Group (LON:SRP) from GBX 615 ($9.62) to GBX 580 ($9.07) in a research note to investors on Monday, September 2nd. They now have a “neutral” rating on the stock. Finally, analysts at Jefferies Group cut their price target on shares of Serco Group (LON:SRP) from GBX 750 ($11.73) to GBX 675 ($10.55) in a research note to investors on Monday, September 2nd. They now have a “buy” rating on the stock.
Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Serco Group presently has a consensus rating of “Hold” and a consensus target price of GBX 635.14 ($9.93).
Shares of Serco Group (LON:SRP) traded up 2.17% on Tuesday, hitting GBX 564.50. The stock had a trading volume of 1,680,346 shares. Serco Group has a 52 week low of GBX 506.00 and a 52 week high of GBX 689.45. The stock has a 50-day moving average of GBX 602.3 and a 200-day moving average of GBX 615.. The company’s market cap is £2.767 billion.
Serco Group plc is a holding company. The Company operates in five segments: Civil Government; Local Government and Commercial; Defense, Science and Nuclear; Americas, and AMEAA.
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