Serco Group Given New GBX 420 Price Target at Deutsche Bank (SRP)
Stock analysts at Deutsche Bank lowered their target price on shares of Serco Group (LON:SRP) from GBX 455 ($7.48) to GBX 420 ($6.90) in a report issued on Monday, Stock Ratings Network.com reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price objective suggests a potential downside of 2.33% from the stock’s previous close.
A number of other firms have also recently commented on SRP. Analysts at Credit Suisse downgraded shares of Serco Group to a “neutral” rating in a research note to investors on Friday. They now have a GBX 475 ($7.81) price target on the stock, down previously from GBX 580 ($9.53). Separately, analysts at RBC Capital cut their price target on shares of Serco Group from GBX 420 ($6.90) to GBX 350 ($5.75) in a research note to investors on Friday. They now have an “underperform” rating on the stock. Finally, 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 ($10.02) price target on the stock. Seven investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the stock. Serco Group currently has a consensus rating of “Hold” and a consensus target price of GBX 531.26 ($8.73).
Serco Group (LON:SRP) traded down 1.62% on Monday, hitting GBX 430.00. 2,957,200 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 489.7 and a 200-day moving average of GBX 533.3. The company’s market cap is £2.107 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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