Serco Group’s Sell Rating Reaffirmed at Liberum Capital (SRP)
Serco Group (LON:SRP)‘s stock had its “sell” rating reiterated by stock analysts at Liberum Capital in a report issued on Thursday, AmericanBankingNews.com reports. They currently have a GBX 400 ($6.57) target price on the stock. Liberum Capital’s target price would suggest a potential upside of 0.30% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at HSBC reiterated a “neutral” rating on shares of Serco Group in a research note to investors on Wednesday. They now have a GBX 430 ($7.07) price target on the stock. Separately, analysts at Cantor Fitzgerald Europe cut their price target on shares of Serco Group from GBX 460 ($7.56) to GBX 365 ($6.00) in a research note to investors on Tuesday. They now have a “sell” rating on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Serco Group in a research note to investors on Monday. They now have a GBX 620 ($10.19) price target on the stock. Eight research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. Serco Group currently has a consensus rating of “Hold” and a consensus price target of GBX 508.45 ($8.36).
Serco Group (LON:SRP) traded down 5.50% on Thursday, hitting GBX 398.80. 5,093,224 shares of the company’s stock traded hands. 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 527.8. The company’s market cap is £1.955 billion.
Serco Group plc is a United-Kingdom based international service company. The Company provides end-to-end business process outsourcing (LON:SRP) services to public and private sector customers.
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