Serco Group plc Receives Consensus Recommendation of “Hold” from Analysts (LON:SRP)
Serco Group plc (LON:SRP) has earned a consensus recommendation of “Hold” from the twenty-four ratings firms that are covering the company, American Banking & Market News reports. Eight research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is GBX 508.45 ($8.46).
Several analysts have recently commented on the stock. Analysts at Cantor Fitzgerald Europe reiterated a “sell” rating on shares of Serco Group plc in a research note on Monday. They now have a GBX 365 ($6.07) price target on the stock.
Shares of Serco Group plc (LON:SRP) traded down 0.51% on Tuesday, hitting GBX 410.80. 542,186 shares of the company’s stock traded hands. 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 459.3 and a 200-day moving average of GBX 507.5. The company’s market cap is £2.013 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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