Serco Group plc’s “Hold” Rating Reaffirmed at Jefferies Group (SRP)
Serco Group plc (LON:SRP)‘s stock had its “hold” rating restated by research analysts at Jefferies Group in a report released on Wednesday. They currently have a GBX 340 ($5.70) target price on the stock. Jefferies Group’s target price indicates a potential upside of 2.87% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Serco Group plc in a research note on Tuesday. They now have a GBX 300 ($5.03) price target on the stock. Separately, 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. Finally, analysts at Oriel Securities Ltd reiterated a “hold” rating on shares of Serco Group plc in a research note on Tuesday. Ten equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has assigned a buy rating to the company. Serco Group plc presently has an average rating of “Hold” and an average target price of GBX 342.89 ($5.75).
Shares of Serco Group plc (LON:SRP) opened at 318.37 on Wednesday. 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 356.7 and its 200-day moving average is GBX 390.3. The company’s market cap is £1.552 billion.
The company also recently announced a dividend, which is scheduled for Friday, October 17th. Shareholders of record on Wednesday, September 3rd will be paid a dividend of GBX 3.10 ($0.05) per share. This represents a dividend yield of 0.94%. The ex-dividend date is Wednesday, September 3rd.
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.