Serco Group Receives “Sell” Rating from Cantor Fitzgerald Europe (SRP)
Serco Group (LON:SRP)‘s stock had its “sell” rating restated by stock analysts at Cantor Fitzgerald Europe in a report issued on Monday, American Banking and Market News reports. They currently have a GBX 460 ($7.55) price objective on the stock. Cantor Fitzgerald Europe’s price objective points to a potential downside of 9.72% from the stock’s previous close.
Other equities research analysts have also recently issued reports about 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 issued a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 557.84 ($9.16).
Serco Group (LON:SRP) traded down 0.10% during mid-day trading on Monday, hitting GBX 509.50. 1,093,181 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 478.2 and its 200-day moving average is GBX 542.2. The company’s market cap is £2.497 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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