Serco Group Downgraded to Neutral at HSBC (SRP)
Serco Group (LON:SRP) was downgraded by investment analysts at HSBC to a “neutral” rating in a note issued to investors on Wednesday, Stock Ratings News reports. They currently have a GBX 520 ($8.54) price target on the stock. HSBC’s price objective would indicate a potential upside of 1.27% from the stock’s previous close.
A number of other analysts have also recently weighed in on SRP. Analysts at Cantor Fitzgerald Europe reiterated a “sell” rating on shares of Serco Group in a research note to investors on Monday. They now have a GBX 460 ($7.55) price target on the stock. Six analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. Serco Group presently 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 511.50 on Wednesday. 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 479.2 and its 200-day moving average is GBX 541.1. The company’s market cap is £2.507 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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