Serco Group plc (LON:SRP) has been assigned an average rating of “Hold” from the twelve ratings firms that are currently covering the company, Marketbeat.com reports. Nine research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is GBX 139.36 ($1.83).

SRP has been the topic of a number of recent analyst reports. Jefferies Group LLC restated a “buy” rating and set a GBX 168 ($2.21) price target on shares of Serco Group plc in a report on Friday, August 4th. Liberum Capital restated a “hold” rating and set a GBX 120 ($1.58) price target on shares of Serco Group plc in a report on Sunday, July 2nd. Peel Hunt cut their price target on shares of Serco Group plc from GBX 139 ($1.83) to GBX 123 ($1.62) and set a “hold” rating on the stock in a report on Friday, June 30th. Shore Capital restated a “hold” rating on shares of Serco Group plc in a report on Thursday, August 3rd. Finally, J P Morgan Chase & Co cut their price target on shares of Serco Group plc from GBX 144 ($1.89) to GBX 142 ($1.87) and set a “neutral” rating on the stock in a report on Friday, August 4th.

In other Serco Group plc news, insider Ian El-Mokadem bought 50,000 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was bought at an average cost of GBX 116 ($1.53) per share, with a total value of £58,000 ($76,255.59).

WARNING: “Serco Group plc (SRP) Given Average Recommendation of “Hold” by Brokerages” was reported by American Banking News and is the sole property of of American Banking News. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/10/15/serco-group-plc-srp-given-average-recommendation-of-hold-by-brokerages.html.

Serco Group plc (LON SRP) traded down 0.76% during mid-day trading on Friday, reaching GBX 117.10. 794,641 shares of the company’s stock traded hands. The company has a 50-day moving average of GBX 114.88 and a 200-day moving average of GBX 114.73. Serco Group plc has a 52-week low of GBX 104.50 and a 52-week high of GBX 151.10. The company’s market capitalization is GBX 1.28 billion.

Serco Group plc Company Profile

Analyst Recommendations for Serco Group plc (LON:SRP)

Receive News & Ratings for Serco Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Serco Group plc and related companies with MarketBeat.com's FREE daily email newsletter.