Serco Group plc Price Target Cut to GBX 340 by Analysts at Jefferies Group (SRP)
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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