Cantor Fitzgerald Europe Reiterates Sell Rating for Serco Group (SRP)
Serco Group (LON:SRP)‘s stock had its “sell” rating reaffirmed by investment analysts at Cantor Fitzgerald Europe in a note issued to investors on Monday, Analyst RN reports. They currently have a GBX 460 ($7.55) price target on the stock. Cantor Fitzgerald Europe’s price objective would indicate a potential downside of 9.80% from the company’s current price.
Shares of Serco Group (LON:SRP) opened at 510.00 on Monday. Serco Group has a 52 week low of GBX 415.30 and a 52 week 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 £2.500 billion.
SRP has been the subject of a number of other recent research reports. 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 issued a buy rating to the company’s stock. Serco Group presently 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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