Berenberg Bank Reiterates “Hold” Rating for Serco Group plc (SRP)
Serco Group plc (LON:SRP)‘s stock had its “hold” rating restated by research analysts at Berenberg Bank in a report released on Thursday. They currently have a GBX 310 ($5.20) price objective on the stock, down from their previous price objective of GBX 340 ($5.70). Berenberg Bank’s target price points to a potential downside of 6.20% from the company’s current price.
Shares of Serco Group plc (LON:SRP) opened at 317.00 on Thursday. 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 355.4 and a 200-day moving average of GBX 388.9. The company’s market cap is £1.545 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of Serco Group plc in a research note on Wednesday. They now have a GBX 340 ($5.70) price target on the stock. Separately, 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. Finally, 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. Ten 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’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 341.22 ($5.72).
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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