Serco Group plc Rating Reiterated by Oriel Securities Ltd (SRP)
A number of other analysts have also recently weighed in on SRP. 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). Separately, analysts at Jefferies Group cut their price target on shares of Serco Group plc from GBX 435 ($7.30) to GBX 340 ($5.70) in a research note on Wednesday, July 23rd. They now have a “hold” rating on the stock. Finally, 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 ($5.87) price target on the stock. Ten analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 342.89 ($5.75).
Serco Group plc (LON:SRP) opened at 343.90 on Tuesday. Serco Group plc has a 1-year low of GBX 313.20 and a 1-year high of GBX 626.00. The stock’s 50-day moving average is GBX 357.4 and its 200-day moving average is GBX 391.. The company’s market cap is £1.676 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.