Serco Group Receives “Reduce” Rating from Oriel Securities Ltd (SRP)
Serco Group (LON:SRP)‘s stock had its “reduce” rating reiterated by stock analysts at Oriel Securities Ltd in a report issued on Wednesday, AmericanBankingNews.com reports. They currently have a GBX 500 ($8.09) price objective on the stock. Oriel Securities Ltd’s price objective suggests a potential downside of 9.42% from the company’s current price.
Serco Group (LON:SRP) opened at 556.00 on Wednesday. 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 547.5 and a 200-day moving average of GBX 601.9. The company’s market cap is £2.725 billion.
SRP has been the subject of a number of other recent research reports. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Serco Group in a research note to investors on Tuesday. They now have a GBX 600 ($9.71) price target on the stock. Separately, analysts at Shore Capital Stockbrokers reiterated a “hold” rating on shares of Serco Group in a research note to investors on Thursday, October 24th. Four 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. The company has a consensus rating of “Hold” and a consensus price target of GBX 605.89 ($9.80).
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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