Serco Group Lowered to “Neutral” at UBS AG (SRP)
Serco Group (LON:SRP) was downgraded by research analysts at UBS AG to a “neutral” rating in a report released on Friday, StockRatingsNetwork.com reports.
Serco Group (LON:SRP) traded down 0.10% on Friday, hitting GBX 505.00. The stock had a trading volume of 2,316,438 shares. 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 465. and a 200-day moving average of GBX 547.6. The company’s market cap is £2.475 billion.
A number of other analysts have also recently weighed in on SRP. Analysts at Canaccord Genuity cut their price target on shares of Serco Group from GBX 700 ($11.48) to GBX 620 ($10.17) in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Six equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. Serco Group has a consensus rating of “Hold” and a consensus price target of GBX 547.32 ($8.98).
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.