Serco Group plc Given Consensus Recommendation of “Hold” by Analysts (LON:SRP)
Serco Group plc (LON:SRP) has received an average rating of “Hold” from the twenty-five analysts that are presently covering the stock, American Banking and Market News reports. Ten analysts have rated the stock with a sell recommendation, fourteen have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is GBX 341.22 ($5.70).
Shares of Serco Group plc (LON:SRP) opened at 306.00 on Monday. Serco Group plc has a 52-week low of GBX 307.10 and a 52-week high of GBX 626.00. The stock’s 50-day moving average is GBX 347.4 and its 200-day moving average is GBX 382.6. The company’s market cap is £1.541 billion.
The company also recently declared a dividend, which is scheduled for Friday, October 17th. Investors 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 of this dividend is Wednesday, September 3rd.
Several analysts have recently commented on the stock. 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, August 14th. 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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