Cantor Fitzgerald Europe Reiterates “Sell” Rating for Serco Group (SRP)
Serco Group (LON:SRP)‘s stock had its “sell” rating reaffirmed by equities researchers at Cantor Fitzgerald Europe in a research report issued on Monday, Analyst Ratings Network reports. They currently have a GBX 460 ($7.55) price objective on the stock. Cantor Fitzgerald Europe’s price objective indicates a potential downside of 9.72% from the company’s current price.
Serco Group (LON:SRP) traded down 0.10% on Monday, hitting GBX 509.50. The stock had a trading volume of 1,093,181 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 478.2 and a 200-day moving average of GBX 542.2. The company’s market cap is £2.497 billion.
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 research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company’s stock. Serco Group has a consensus rating of “Hold” and a consensus price target of GBX 557.84 ($9.16).
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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