Serco Group plc (SRP) Given Average Recommendation of “Hold” by Brokerages
Serco Group plc (LON:SRP) has received a consensus rating of “Hold” from the thirteen analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is GBX 138.75 ($1.80).
Several equities analysts have recently commented on SRP shares. Credit Suisse Group increased their price target on shares of Serco Group plc from GBX 110 ($1.42) to GBX 120 ($1.55) and gave the stock a “neutral” rating in a research report on Wednesday, May 10th. Shore Capital reaffirmed a “hold” rating on shares of Serco Group plc in a research report on Tuesday. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a GBX 144 ($1.87) price target on shares of Serco Group plc in a research report on Monday. Liberum Capital reaffirmed a “hold” rating and set a GBX 120 ($1.55) price target on shares of Serco Group plc in a research report on Sunday, July 2nd. Finally, Peel Hunt reduced their price target on shares of Serco Group plc from GBX 139 ($1.80) to GBX 123 ($1.59) and set a “hold” rating on the stock in a research report on Friday, June 30th.
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Shares of Serco Group plc (LON:SRP) traded down 0.09% on Friday, reaching GBX 112.10. The company had a trading volume of 792,021 shares. Serco Group plc has a 52 week low of GBX 101.10 and a 52 week high of GBX 151.10. The company has a 50 day moving average of GBX 118.61 and a 200-day moving average of GBX 126.87. The company’s market capitalization is GBX 1.22 billion.
In other Serco Group plc news, insider Rupert Soames sold 36,308 shares of Serco Group plc stock in a transaction on Friday, June 30th. The shares were sold at an average price of GBX 116 ($1.50), for a total transaction of £42,117.28 ($54,556.06). Also, insider Angus Cockburn bought 116,175 shares of the firm’s stock in a transaction on Tuesday, May 9th. The shares were bought at an average cost of GBX 120 ($1.55) per share, with a total value of £139,410 ($180,582.90).
About Serco Group plc
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