Royal Bank Of Canada Raises Serco Group plc (SRP) Price Target to GBX 115
Serco Group plc (LON:SRP) had its price target increased by research analysts at Royal Bank Of Canada from GBX 100 ($1.24) to GBX 115 ($1.42) in a research report issued to clients and investors on Thursday. The brokerage presently has an “underperform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential downside of 11.20% from the company’s previous close.
SRP has been the subject of several other research reports. Deutsche Bank AG increased their price objective on Serco Group plc from GBX 125 ($1.55) to GBX 130 ($1.61) and gave the company a “hold” rating in a report on Tuesday, September 13th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 133 ($1.65) price objective on shares of Serco Group plc in a report on Friday, September 23rd. BNP Paribas reiterated an “outperform” rating and set a GBX 150 ($1.86) price objective on shares of Serco Group plc in a report on Monday, June 27th. Numis Securities Ltd reiterated a “reduce” rating and set a GBX 85 ($1.05) price objective on shares of Serco Group plc in a report on Wednesday, July 6th. Finally, Shore Capital reissued a “hold” rating on shares of Serco Group plc in a research report on Wednesday, September 28th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. Serco Group plc currently has an average rating of “Hold” and a consensus target price of GBX 119.38 ($1.48).
Serco Group plc (LON:SRP) traded up 0.69% during trading on Thursday, reaching GBX 130.40. The company had a trading volume of 2,809,394 shares. The firm’s market capitalization is GBX 1.42 billion. Serco Group plc has a 52 week low of GBX 75.93 and a 52 week high of GBX 139.20. The stock has a 50 day moving average price of GBX 131.41 and a 200 day moving average price of GBX 113.73.
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In other news, insider Cockburn,Angus sold 11,071 shares of the stock in a transaction dated Monday, August 15th. The shares were sold at an average price of GBX 130 ($1.61), for a total transaction of £14,392.30 ($17,812.25).
About Serco Group plc
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