Serco Group plc (SRP) Receives Average Rating of “Hold” from Analysts
Shares of Serco Group plc (LON:SRP) have earned an average recommendation of “Hold” from the fourteen analysts that are currently covering the company. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is GBX 119.38 ($1.48).
SRP has been the subject of several recent research reports. Deutsche Bank AG upped their price target on shares of Serco Group plc from GBX 125 ($1.55) to GBX 130 ($1.61) and gave the company a “hold” rating in a research report on Tuesday, September 13th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 133 ($1.65) price objective on shares of Serco Group plc in a research note on Friday, September 23rd. BNP Paribas reaffirmed an “outperform” rating and issued a GBX 150 ($1.86) price objective on shares of Serco Group plc in a research note on Monday, June 27th. Numis Securities Ltd reaffirmed a “reduce” rating and issued a GBX 85 ($1.05) price objective on shares of Serco Group plc in a research note on Wednesday, July 6th. Finally, Shore Capital reaffirmed a “hold” rating on shares of Serco Group plc in a research note on Wednesday, September 28th.
Shares of Serco Group plc (LON:SRP) traded up 0.69% during midday trading on Thursday, reaching GBX 130.40. 2,809,394 shares of the company’s stock traded hands. Serco Group plc has a 52-week low of GBX 75.93 and a 52-week high of GBX 139.20. The company has a 50 day moving average of GBX 131.41 and a 200 day moving average of GBX 113.73. The firm’s market cap is GBX 1.42 billion.
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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 value of £14,392.30 ($17,812.25).
Serco Group plc Company Profile
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