Serco Group Downgraded by Credit Suisse to “Neutral” (SRP)
Serco Group (LON:SRP) was downgraded by research analysts at Credit Suisse to a “neutral” rating in a report released on Friday, AnalystRatingsNetwork.com reports. They currently have a GBX 475 ($7.83) price target on the stock, down from their previous price target of GBX 580 ($9.56). Credit Suisse’s price target would indicate a potential upside of 12.24% from the company’s current price.
Shares of Serco Group (LON:SRP) opened at 432.90 on Friday. Serco Group has a 52-week low of GBX 415.30 and a 52-week high of GBX 689.45. The stock has a 50-day moving average of GBX 489.9 and a 200-day moving average of GBX 534.0. The company’s market cap is £2.122 billion.
A number of other firms have also recently commented on SRP. Analysts at RBC Capital reiterated an “underperform” rating on shares of Serco Group in a research note to investors on Friday. They now have a GBX 350 ($5.77) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Serco Group in a research note to investors on Friday. They now have a GBX 610 ($10.05) price target on the stock. Finally, analysts at JPMorgan Chase & Co. downgraded shares of Serco Group to a “neutral” rating in a research note to investors on Friday. They now have a GBX 463 ($7.63) price target on the stock, down previously from GBX 575 ($9.47). Seven research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. Serco Group has an average rating of “Hold” and a consensus target price of GBX 538.37 ($8.87).
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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