Serco Group plc Stock Rating Reaffirmed by Credit Suisse (SRP)
Serco Group plc (LON:SRP)‘s stock had its “neutral” rating reiterated by equities research analysts at Credit Suisse in a research note issued to investors on Friday, Analyst Ratings News reports. They currently have a GBX 475 ($7.96) price objective on the stock. Credit Suisse’s price target would suggest a potential upside of 17.34% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at UBS AG cut their price target on shares of Serco Group plc from GBX 505 ($8.46) to GBX 400 ($6.70) in a research note on Friday, February 14th. They now have a “neutral” rating on the stock. Separately, analysts at Investec raised their price target on shares of Serco Group plc to GBX 310 ($5.20) in a research note on Thursday, February 6th. They now have a “sell” rating on the stock. Finally, analysts at Liberum Capital reiterated a “sell” rating on shares of Serco Group plc in a research note on Thursday, February 6th. They now have a GBX 400 ($6.70) price target on the stock. Eight investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 508.45 ($8.52).
Serco Group plc (LON:SRP) traded up 1.20% during mid-day trading on Friday, hitting GBX 404.80. The stock had a trading volume of 2,093,173 shares. Serco Group plc has a 52 week low of GBX 392.40 and a 52 week high of GBX 689.45. The stock has a 50-day moving average of GBX 462.8 and a 200-day moving average of GBX 510.7. The company’s market cap is £1.984 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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