Serco Group plc Given “Sell” Rating at Cantor Fitzgerald Europe (SRP)
Serco Group plc (LON:SRP)‘s stock had its “sell” rating reaffirmed by analysts at Cantor Fitzgerald Europe in a research report issued to clients and investors on Monday, American Banking and Market News reports. They currently have a GBX 365 ($6.07) price objective on the stock. Cantor Fitzgerald Europe’s target price suggests a potential downside of 9.83% from the company’s current price.
Serco Group plc (LON:SRP) traded up 2.00% on Monday, hitting GBX 412.90. 1,402,074 shares of the company’s stock traded hands. Serco Group plc has a one year low of GBX 392.40 and a one year high of GBX 689.45. The stock’s 50-day moving average is GBX 462.8 and its 200-day moving average is GBX 510.7. The company’s market cap is £2.024 billion.
SRP has been the subject of a number of other recent research reports. Analysts at Liberum Capital reiterated a “sell” rating on shares of Serco Group plc in a research note on Friday. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Serco Group plc in a research note on Friday. They now have a GBX 475 ($7.90) price target on the stock. Finally, analysts at UBS AG cut their price target on shares of Serco Group plc from GBX 505 ($8.40) to GBX 400 ($6.65) in a research note on Friday, February 14th. They now have a “neutral” rating on the stock. Eight equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. Serco Group plc presently has an average rating of “Hold” and an average price target of GBX 508.45 ($8.46).
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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