JPMorgan Chase & Co. Downgrades Serco Group to Neutral (SRP)
Serco Group (LON:SRP) was downgraded by equities researchers at JPMorgan Chase & Co. to a “neutral” rating in a research report issued on Friday, American Banking News.com reports. They currently have a GBX 463 ($7.63) price target on the stock, down from their previous price target of GBX 575 ($9.47). JPMorgan Chase & Co.’s price target would suggest a potential upside of 5.93% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Peel Hunt downgraded shares of Serco Group to a “sell” rating in a research note to investors on Thursday, January 23rd. Separately, analysts at HSBC downgraded shares of Serco Group to a “neutral” rating in a research note to investors on Wednesday, January 22nd. They now have a GBX 520 ($8.57) 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, January 20th. They now have a GBX 460 ($7.58) price target on the stock. Seven equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company’s stock. Serco Group currently has an average rating of “Hold” and a consensus price target of GBX 538.37 ($8.87).
Serco Group (LON:SRP) traded up 3.28% on Friday, hitting GBX 437.10. The stock had a trading volume of 8,432,056 shares. Serco Group has a 1-year low of GBX 410.00 and a 1-year high of GBX 689.45. The stock has a 50-day moving average of GBX 489.7 and a 200-day moving average of GBX 533.3. The company’s market cap is £2.142 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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