RBC Capital Reaffirms Underperform Rating for Serco Group plc (SRP)
Serco Group plc (LON:SRP)‘s stock had its “underperform” rating reissued by stock analysts at RBC Capital in a report issued on Thursday. They currently have a GBX 275 ($4.55) target price on the stock. RBC Capital’s price objective points to a potential downside of 12.78% from the stock’s previous close.
Shares of Serco Group plc (LON:SRP) opened at 313.40 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 £1.578 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 other analysts have also recently commented on the stock. Analysts at Liberum Capital reiterated a “hold” rating on shares of Serco Group plc in a research note on Thursday. They now have a GBX 350 ($5.79) price target on the stock. Separately, 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. Finally, 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. Ten investment 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 an average rating of “Hold” and a consensus target price of GBX 339.83 ($5.62).
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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