Serco Group Rating Reiterated by Seymour Pierce (SRP)
Serco Group (LON:SRP)‘s stock had its “hold” rating reiterated by equities researchers at Seymour Pierce in a research report issued on Wednesday, American Banking and Market News reports. They currently have a GBX 550 ($8.87) target price on the stock. Seymour Pierce’s price objective would suggest a potential upside of 2.23% from the stock’s previous close.
Shares of Serco Group (LON:SRP) traded down 2.71% on Wednesday, hitting GBX 538.00. The stock had a trading volume of 1,264,922 shares. Serco Group has a 52-week low of GBX 507.50 and a 52-week high of GBX 689.45. The stock’s 50-day moving average is GBX 591.1 and its 200-day moving average is GBX 614.0. The company’s market cap is £2.637 billion.
A number of other analysts have also recently weighed in on SRP. Analysts at Cantor Fitzgerald reiterated a “hold” rating on shares of Serco Group (LON:SRP) in a research note to investors on Wednesday. They now have a GBX 550 ($8.87) price target on the stock. Separately, analysts at Goldman Sachs Group Inc. cut their price target on shares of Serco Group (LON:SRP) from GBX 695 ($11.21) to GBX 658 ($10.62) in a research note to investors on Friday, September 27th. They now have a “neutral” rating on the stock. Finally, analysts at Liberum Capital reiterated a “hold” rating on shares of Serco Group (LON:SRP) in a research note to investors on Tuesday, September 24th. They now have a GBX 540 ($8.71) price target on the stock. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 614.05 ($9.91).
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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