Serco Group’s “Underperform” Rating Reaffirmed at RBC Capital (SRP)
Serco Group (LON:SRP)‘s stock had its “underperform” rating reaffirmed by equities research analysts at RBC Capital in a research note issued to investors on Friday, Analyst Ratings Network.com reports. They currently have a GBX 350 ($5.77) target price on the stock. RBC Capital’s price target would suggest a potential downside of 17.30% from the company’s current price.
SRP has been the subject of a number of other recent research reports. 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. Separately, 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). Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Serco Group from GBX 523 ($8.62) to GBX 575 ($9.47) in a research note to investors on Friday, January 24th. They now have an “overweight” rating on the stock. Seven equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 543.89 ($8.96).
Serco Group (LON:SRP) opened at 432.60 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 £2.120 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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