Liberum Capital Reiterates Hold Rating for Serco Group (SRP)
Serco Group (LON:SRP)‘s stock had its “hold” rating restated by research analysts at Liberum Capital in a report released on Friday, American Banking and Market News reports.
Shares of Serco Group (LON:SRP) traded up 1.15% on Friday, hitting GBX 528.50. The stock had a trading volume of 1,203,261 shares. Serco Group has a 52 week low of GBX 504.50 and a 52 week high of GBX 689.45. The stock has a 50-day moving average of GBX 591.1 and a 200-day moving average of GBX 614.0. The company’s market cap is £2.590 billion.
A number of other firms have also recently commented on SRP. Analysts at Panmure Gordon cut their price target on shares of Serco Group from GBX 700 ($11.17) to GBX 645 ($10.30) in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at HSBC upgraded shares of Serco Group to an “overweight” rating in a research note to investors on Wednesday. They now have a GBX 635 ($10.14) price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Serco Group in a research note to investors on Tuesday. They now have a GBX 745 ($11.89) price target on the stock. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 611.78 ($9.77).
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.