Cantor Fitzgerald Europe Reiterates Sell Rating for Serco Group (SRP)
Serco Group (LON:SRP)‘s stock had its “sell” rating restated by investment analysts at Cantor Fitzgerald Europe in a note issued to investors on Monday, AnalystRatings.Net reports. They currently have a GBX 460 ($7.55) target price on the stock. Cantor Fitzgerald Europe’s price objective would indicate a potential downside of 9.80% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Serco Group in a research note to investors on Monday, January 13th. They now have a GBX 523 ($8.59) price target on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Serco Group from GBX 500 ($8.21) to GBX 580 ($9.52) in a research note to investors on Monday, January 13th. They now have an “outperform” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Serco Group from GBX 390 ($6.40) to GBX 420 ($6.89) in a research note to investors on Monday, January 13th. They now have an “underperform” rating on the stock. Six equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. Serco Group has an average rating of “Hold” and a consensus price target of GBX 557.84 ($9.16).
Shares of Serco Group (LON:SRP) traded down 0.29% on Monday, hitting GBX 508.50. 637,879 shares of the company’s stock traded hands. 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 475.9 and its 200-day moving average is GBX 544.6. The company’s market cap is £2.492 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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