Serco Group Given New GBX 620 Price Target at Canaccord Genuity (SRP)
Investment analysts at Canaccord Genuity dropped their price objective on shares of Serco Group (LON:SRP) from GBX 700 ($11.48) to GBX 620 ($10.17) in a note issued to investors on Friday, Stock Ratings News reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target would indicate a potential upside of 23.26% from the stock’s previous close.
A number of other firms have also recently commented on SRP. Analysts at Liberum Capital reiterated a “hold” rating on shares of Serco Group in a research note to investors on Friday. They now have a GBX 450 ($7.38) price target on the stock. Separately, analysts at Cantor Fitzgerald reiterated a “sell” rating on shares of Serco Group in a research note to investors on Friday. They now have a GBX 380 ($6.23) price target on the stock. Finally, analysts at Panmure Gordon reiterated a “buy” rating on shares of Serco Group in a research note to investors on Friday, January 3rd. They now have a GBX 560 ($9.18) price target on the stock. Six investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 545.20 ($8.94).
Shares of Serco Group (LON:SRP) traded down 0.99% on Friday, hitting GBX 500.50. 1,047,811 shares of the company’s stock traded hands. Serco Group has a 52 week low of GBX 415.30 and a 52 week high of GBX 689.45. The stock has a 50-day moving average of GBX 464.8 and a 200-day moving average of GBX 547.9. The company’s market cap is £2.453 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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