Serco Group Price Target Raised to GBX 575 at JPMorgan Chase & Co. (SRP)
Stock analysts at JPMorgan Chase & Co. increased their target price on shares of Serco Group (LON:SRP) from GBX 523 ($8.59) to GBX 575 ($9.44) in a report issued on Friday, AmericanBankingNews.com reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 12.97% from the company’s current price.
Shares of Serco Group (LON:SRP) traded up 1.29% during mid-day trading on Friday, hitting GBX 509.00. 1,801,294 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 has a 50-day moving average of GBX 484.4 and a 200-day moving average of GBX 539.5. The company’s market cap is £2.495 billion.
Several other analysts have also recently commented on the stock. Analysts at Peel Hunt downgraded shares of Serco Group to a “sell” rating in a research note to investors on Thursday. Separately, analysts at HSBC downgraded shares of Serco Group to a “neutral” rating in a research note to investors on Wednesday. They now have a GBX 520 ($8.54) price target on the stock. Finally, 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. Seven analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. Serco Group currently has an average rating of “Hold” and a consensus target price of GBX 560.58 ($9.20).
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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