Serco Group plc Price Target Cut to GBX 360 (SRP)
Investment analysts at Numis Securities Ltd cut their price target on shares of Serco Group plc (LON:SRP) from GBX 480 ($8.18) to GBX 360 ($6.13) in a note issued to investors on Thursday. The firm currently has a “hold” rating on the stock. Numis Securities Ltd’s price target would indicate a potential downside of 1.72% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Serco Group plc from GBX 271 ($4.62) to GBX 287 ($4.89) in a research note on Thursday. They now have a “neutral” rating on the stock. Separately, analysts at Berenberg Bank cut their price target on shares of Serco Group plc from GBX 410 ($6.98) to GBX 340 ($5.79) in a research note on Wednesday. They now have a “hold” rating on the stock. Finally, 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. Eight equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of GBX 383.26 ($6.53).
Serco Group plc (LON:SRP) opened at 365.70 on Thursday. Serco Group plc has a 52 week low of GBX 313.20 and a 52 week high of GBX 689.45. The stock has a 50-day moving average of GBX 361.7 and a 200-day moving average of GBX 418.9. The company’s market cap is £1.783 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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