Deutsche Bank Reiterates Hold Rating for Serco Group plc (SRP)
Serco Group plc (LON:SRP)‘s stock had its “hold” rating reiterated by stock analysts at Deutsche Bank in a report issued on Tuesday. They currently have a GBX 300 ($5.03) target price on the stock. Deutsche Bank’s target price suggests a potential downside of 8.79% from the stock’s previous close.
Serco Group plc (LON:SRP) opened at 344.04 on Tuesday. Serco Group plc has a 52 week low of GBX 313.20 and a 52 week high of GBX 626.00. The stock has a 50-day moving average of GBX 357.4 and a 200-day moving average of GBX 391.. The company’s market cap is £1.677 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Investec cut their price target on shares of Serco Group plc from GBX 310 ($5.20) to GBX 290 ($4.86) in a research note on Tuesday. They now have a “sell” rating on the stock. Separately, analysts at Oriel Securities Ltd reiterated a “hold” rating on shares of Serco Group plc in a research note on Tuesday. Finally, analysts at Numis Securities Ltd downgraded shares of Serco Group plc to a “reduce” rating in a research note on Wednesday, August 6th. They now have a GBX 295 ($4.95) price target on the stock, down previously from GBX 360 ($6.04). Ten equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 342.89 ($5.75).
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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