Serco Group Given Buy Rating at Jefferies Group (SRP)
Serco Group (LON:SRP)‘s stock had its “buy” rating reiterated by analysts at Jefferies Group in a research report issued to clients and investors on Friday, AR Network reports. They currently have a GBX 675 ($10.55) price target on the stock. Jefferies Group’s price target indicates a potential upside of 18.84% from the stock’s previous close.
Serco Group (LON:SRP) traded up 1.14% on Friday, hitting GBX 574.50. 1,126,108 shares of the company’s stock traded hands. Serco Group has a one year low of GBX 506.00 and a one year high of GBX 689.45. The stock’s 50-day moving average is GBX 598.1 and its 200-day moving average is GBX 614.3. The company’s market cap is £2.816 billion.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Serco Group (LON:SRP) in a research note to investors on Tuesday. They now have a GBX 646 ($10.10) price target on the stock. Separately, 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. Finally, 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.
Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. Serco Group has a consensus rating of “Hold” and a consensus target price of GBX 635.14 ($9.93).
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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