Serco Group plc (SRP) Receives Consensus Rating of “Hold” from Brokerages
Serco Group plc (LON:SRP) has earned an average recommendation of “Hold” from the thirteen brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is GBX 137.33 ($1.85).
SRP has been the topic of several analyst reports. Shore Capital reaffirmed a “hold” rating on shares of Serco Group plc in a research report on Friday, June 9th. Liberum Capital reaffirmed a “hold” rating and issued a GBX 120 ($1.62) price objective on shares of Serco Group plc in a research report on Tuesday, June 20th. Peel Hunt lowered their price objective on Serco Group plc from GBX 139 ($1.87) to GBX 123 ($1.66) and set a “hold” rating on the stock in a research report on Friday, June 30th. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a GBX 144 ($1.94) price objective on shares of Serco Group plc in a research report on Monday, July 3rd. Finally, BNP Paribas reaffirmed an “outperform” rating and issued a GBX 175 ($2.36) price objective on shares of Serco Group plc in a research report on Wednesday, July 12th.
In related news, insider Ian El-Mokadem acquired 50,000 shares of Serco Group plc stock in a transaction dated Thursday, August 3rd. The stock was purchased at an average cost of GBX 116 ($1.56) per share, for a total transaction of £58,000 ($78,198.73). Also, insider Rupert Soames sold 36,308 shares of the company’s stock in a transaction on Friday, June 30th. The stock was sold at an average price of GBX 116 ($1.56), for a total value of £42,117.28 ($56,784.79).
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Serco Group plc (LON SRP) traded up 1.42% during mid-day trading on Wednesday, reaching GBX 114.60. The company’s stock had a trading volume of 447,488 shares. Serco Group plc has a 12-month low of GBX 104.50 and a 12-month high of GBX 151.10. The company has a 50-day moving average price of GBX 111.07 and a 200-day moving average price of GBX 114.43. The firm’s market cap is GBX 1.25 billion.
About Serco Group plc
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