Liberum Capital Reaffirms Hold Rating for Serco Group plc (SRP)
Serco Group plc (LON:SRP)‘s stock had its “hold” rating reaffirmed by equities research analysts at Liberum Capital in a research note issued to investors on Thursday. They currently have a GBX 350 ($5.79) target price on the stock. Liberum Capital’s price target would suggest a potential upside of 11.01% from the stock’s previous close.
A number of other firms have also recently commented on SRP. Analysts at Berenberg Bank cut their price target on shares of Serco Group plc from GBX 340 ($5.63) to GBX 310 ($5.13) 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 ($5.63) 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 ($4.96) 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 company currently has a consensus rating of “Hold” and a consensus price target of GBX 341.22 ($5.65).
Shares of Serco Group plc (LON:SRP) opened at 314.00 on Thursday. Serco Group plc has a one year low of GBX 303.20 and a one year high of GBX 610.50. The stock’s 50-day moving average is GBX 341.5 and its 200-day moving average is GBX 379.5. The company’s market cap is £1.581 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.
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