Serco Group Rating Reiterated by Citigroup Inc. (SRP)
Serco Group (LON:SRP)‘s stock had its “buy” rating reiterated by research analysts at Citigroup Inc. in a report released on Friday, AnalystRatingsNetwork.com reports. They currently have a GBX 610 ($10.05) price target on the stock. Citigroup Inc.’s price objective would indicate a potential upside of 39.56% from the company’s current price.
Serco Group (LON:SRP) opened at 437.10 on Friday. Serco Group has a 52-week low of GBX 410.00 and a 52-week high of GBX 689.45. The stock’s 50-day moving average is GBX 489.7 and its 200-day moving average is GBX 533.3. The company’s market cap is £2.142 billion.
A number of other analysts have also recently weighed in on SRP. 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 Peel Hunt downgraded shares of Serco Group to a “sell” rating in a research note to investors on Thursday, January 23rd. Seven equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company. Serco Group presently has a consensus rating of “Hold” and an average price target 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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