Deutsche Bank Reiterates Hold Rating for Serco Group plc (SRP)
Serco Group plc (LON:SRP)‘s stock had its “hold” rating reaffirmed by Deutsche Bank in a research note issued on Friday. They currently have a GBX 300 ($5.11) target price on the stock. Deutsche Bank’s target price would suggest a potential downside of 17.36% from the company’s current price.
Serco Group plc (LON:SRP) opened at 360.30 on Friday. 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 362.2 and its 200-day moving average is GBX 418.1. The company’s market cap is £1.756 billion.
A number of other firms have also recently commented on SRP. Analysts at Numis Securities Ltd cut their price target on shares of Serco Group plc from GBX 480 ($8.18) to GBX 360 ($6.13) in a research note on Thursday. They now have a “hold” rating on the stock. Separately, 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. Finally, 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. Eight investment 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 a consensus rating of “Hold” and an average target price of GBX 383.26 ($6.53).
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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