Berenberg Bank Reiterates “Hold” Rating for Serco Group plc (SRP)
Serco Group plc (LON:SRP)‘s stock had its “hold” rating reiterated by research analysts at Berenberg Bank in a report released on Wednesday. They currently have a GBX 340 ($5.79) target price on the stock. Berenberg Bank’s price target would indicate a potential downside of 6.52% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Barclays reiterated an “equal weight” rating on shares of Serco Group plc in a research note on Tuesday. They now have a GBX 355 ($6.05) price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Serco Group plc in a research note on Monday. They now have a GBX 350 ($5.96) price target on the stock. Finally, analysts at Oriel Securities Ltd reiterated a “hold” rating on shares of Serco Group plc in a research note on Wednesday, June 18th. Nine analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 396.83 ($6.76).
Serco Group plc (LON:SRP) opened at 367.60 on Wednesday. Serco Group plc has a one year low of GBX 313.20 and a one year high of GBX 689.45. The stock’s 50-day moving average is GBX 361.7 and its 200-day moving average is GBX 418.9. The company’s market cap is £1.792 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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