Serco Group Given “Overweight” Rating at JPMorgan Chase & Co. (SRP)
Serco Group (LON:SRP)‘s stock had its “overweight” rating restated by equities researchers at JPMorgan Chase & Co. in a research report issued on Tuesday, Analyst Ratings Net reports. They currently have a GBX 646 ($10.36) price objective on the stock. JPMorgan Chase & Co.’s target price indicates a potential upside of 23.64% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Seymour Pierce reiterated a “hold” rating on shares of Serco Group in a research note to investors on Wednesday, October 2nd. They now have a GBX 550 ($8.82) price target on the stock. Separately, analysts at Cantor Fitzgerald reiterated a “hold” rating on shares of Serco Group in a research note to investors on Wednesday, October 2nd. They now have a GBX 550 ($8.82) price target on the stock. Finally, analysts at Goldman Sachs Group Inc. cut their price target on shares of Serco Group from GBX 695 ($11.15) to GBX 658 ($10.56) in a research note to investors on Friday, September 27th. They now have a “neutral” rating on the stock. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of GBX 614.05 ($9.85).
Shares of Serco Group (LON:SRP) traded down 0.38% during mid-day trading on Tuesday, hitting GBX 522.50. The stock had a trading volume of 1,185,860 shares. Serco Group has a 52 week low of GBX 506.50 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 £2.561 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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