Serco Group Stock Rating Reaffirmed by Cantor Fitzgerald Europe (SRP)
Serco Group (LON:SRP)‘s stock had its “sell” rating reaffirmed by Cantor Fitzgerald Europe in a research note issued on Monday, Analyst Ratings Net reports. They currently have a GBX 460 ($7.55) price objective on the stock. Cantor Fitzgerald Europe’s price target would indicate a potential downside of 9.80% from the company’s current price.
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 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 currently has a consensus rating of “Hold” and an average target price of GBX 557.84 ($9.16).
Shares of Serco Group (LON:SRP) opened at 508.50 on Monday. Serco Group has a 52 week low of GBX 415.083 and a 52 week high of GBX 689.45. The stock has a 50-day moving average of GBX 475.9 and a 200-day moving average of 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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