Serco Group plc Price Target Increased to GBX 287 by Analysts at JPMorgan Chase & Co. (SRP)
Investment analysts at JPMorgan Chase & Co. upped their price objective on shares of Serco Group plc (LON:SRP) from GBX 271 ($4.62) to GBX 287 ($4.89) in a note issued to investors on Thursday. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price indicates a potential downside of 21.65% from the stock’s previous close.
A number of other firms have also recently commented on SRP. 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. Separately, 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. Finally, 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. Eight investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of GBX 383.26 ($6.53).
Serco Group plc (LON:SRP) opened at 364.40 on Thursday. Serco Group plc has a 1-year low of GBX 313.20 and a 1-year 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 £1.776 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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