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Investment analysts at Jefferies Group lowered their price target on shares of Serco Group plc (LON:SRP) from GBX 435 ($7.43) to GBX 340 ($5.81) in a note issued to investors on Wednesday. The firm currently has a “hold” rating on the stock. Jefferies Group’s target price suggests a potential downside of 5.97% from the company’s current price.

Shares of Serco Group plc (LON:SRP) traded down 0.08% on Wednesday, hitting GBX 361.60. The stock had a trading volume of 1,267,929 shares. Serco Group plc has a 52 week low of GBX 313.20 and a 52 week high of GBX 664.893. The stock’s 50-day moving average is GBX 363.3 and its 200-day moving average is GBX 405.5. The company’s market cap is £1.763 billion.

SRP has been the subject of a number of other recent research reports. Analysts at Liberum Capital reiterated a “hold” rating on shares of Serco Group plc in a research note on Monday, July 21st. They now have a GBX 350 ($5.98) 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 Friday, July 11th. They now have a GBX 350 ($5.98) price target on the stock. Finally, analysts at HSBC reiterated an “underweight” rating on shares of Serco Group plc in a research note on Thursday, July 10th. They now have a GBX 240 ($4.10) price target on the stock. Nine analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and one has given a buy rating to the stock. Serco Group plc currently has a consensus rating of “Hold” and a consensus target price of GBX 349.28 ($5.97).

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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