Serco Group plc (SRP) Given Average Rating of “Hold” by Analysts
Shares of Serco Group plc (LON:SRP) have earned an average recommendation of “Hold” from the fourteen brokerages that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is GBX 136.77 ($1.78).
A number of research analysts have recently commented on SRP shares. Jefferies Group LLC restated a “buy” rating and set a GBX 168 ($2.18) price target on shares of Serco Group plc in a research report on Friday, August 4th. Shore Capital restated a “hold” rating on shares of Serco Group plc in a research report on Thursday, August 3rd. Liberum Capital restated a “hold” rating and set a GBX 120 ($1.56) price target on shares of Serco Group plc in a research report on Thursday, August 3rd. Peel Hunt cut their target price on shares of Serco Group plc from GBX 139 ($1.80) to GBX 123 ($1.60) and set a “hold” rating for the company in a research report on Friday, June 30th. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and issued a GBX 144 ($1.87) target price on shares of Serco Group plc in a research report on Monday, July 3rd.
In other Serco Group plc news, insider Ian El-Mokadem purchased 50,000 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was acquired at an average cost of GBX 116 ($1.51) per share, for a total transaction of £58,000 ($75,295.34). Also, insider Rupert Soames sold 36,308 shares of the company’s stock in a transaction dated Friday, June 30th. The shares were sold at an average price of GBX 116 ($1.51), for a total transaction of £42,117.28 ($54,676.46).
Shares of Serco Group plc (SRP) traded up 0.28% during trading on Friday, hitting GBX 109.30. The stock had a trading volume of 615,293 shares. The stock’s market capitalization is GBX 1.19 billion. Serco Group plc has a 12-month low of GBX 104.50 and a 12-month high of GBX 151.10. The stock’s 50-day moving average is GBX 110.25 and its 200-day moving average is GBX 117.20.
Serco Group plc Company Profile
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