Serco Group Receives Sell Rating from Cantor Fitzgerald Europe (SRP)
Serco Group (LON:SRP)‘s stock had its “sell” rating reiterated by investment analysts at Cantor Fitzgerald Europe in a note issued to investors on Monday, American Banking News.com reports. They currently have a GBX 460 ($7.55) price target on the stock. Cantor Fitzgerald Europe’s price target would indicate 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 investment 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. The stock has a consensus rating of “Hold” and a consensus target price of GBX 557.84 ($9.16).
Shares of 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 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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