Serco Group Price Target Raised to GBX 420 at RBC Capital (SRP)
Research analysts at RBC Capital raised their price target on shares of Serco Group (LON:SRP) from GBX 390 ($6.43) to GBX 420 ($6.92) in a report released on Monday, Stock Ratings Network reports. The firm currently has an “underperform” rating on the stock. RBC Capital’s target price indicates a potential downside of 18.37% from the company’s current price.
Serco Group (LON:SRP) traded up 1.88% on Monday, hitting GBX 514.50. The stock had a trading volume of 1,528,459 shares. Serco Group has a 1-year low of GBX 415.30 and a 1-year high of GBX 689.45. The stock’s 50-day moving average is GBX 468.7 and its 200-day moving average is GBX 546.4. The company’s market cap is £2.522 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG downgraded shares of Serco Group to a “neutral” rating in a research note to investors on Friday. Separately, analysts at Canaccord Genuity cut their price target on shares of Serco Group from GBX 700 ($11.54) to GBX 620 ($10.22) in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, 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 ($7.42) price target on the stock. Seven investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company. Serco Group has a consensus rating of “Hold” and an average price target of GBX 544.95 ($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.
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