Serco Group plc Given Consensus Recommendation of “Hold” by Brokerages (LON:SRP)
Shares of Serco Group plc (LON:SRP) have earned an average rating of “Hold” from the twenty-five brokerages that are currently covering the company, StockRatingsNetwork.com reports. Ten analysts have rated the stock with a sell recommendation, fourteen have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is GBX 341.22 ($5.70).
Serco Group plc (LON:SRP) traded up 0.73% on Monday, hitting GBX 316.90. The stock had a trading volume of 387,879 shares. Serco Group plc has a 52-week low of GBX 308.20 and a 52-week high of GBX 626.00. The stock’s 50-day moving average is GBX 353. and its 200-day moving average is GBX 387.9. The company’s market cap is £1.596 billion.
The company also recently declared a dividend, which is scheduled for Friday, October 17th. Stockholders of record on Wednesday, September 3rd will be given a dividend of GBX 3.10 ($0.05) per share. This represents a yield of 0.94%. The ex-dividend date is Wednesday, September 3rd.
SRP has been the subject of a number of recent research reports. Analysts at Berenberg Bank cut their price target on shares of Serco Group plc from GBX 340 ($5.68) to GBX 310 ($5.18) in a research note on Thursday. They now have a “hold” rating on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Serco Group plc in a research note on Wednesday, August 13th. They now have a GBX 340 ($5.68) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Serco Group plc in a research note on Tuesday, August 12th. They now have a GBX 300 ($5.02) price target on the stock.
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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