Liberum Capital Reaffirms Sell Rating for Serco Group (SRP)
Serco Group (LON:SRP)‘s stock had its “sell” rating reiterated by stock analysts at Liberum Capital in a research note issued on Wednesday. They currently have a GBX 100 ($1.35) price target on the stock. Liberum Capital’s price objective would suggest a potential upside of 6.44% from the company’s current price.
Several other research analysts have also recently weighed in on SRP. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a GBX 142 ($1.91) price target on shares of Serco Group in a report on Tuesday, October 10th. Shore Capital reaffirmed a “hold” rating on shares of Serco Group in a report on Tuesday, October 24th. Peel Hunt reaffirmed a “hold” rating and issued a GBX 123 ($1.66) price target on shares of Serco Group in a report on Tuesday, November 14th. Finally, HSBC decreased their price target on shares of Serco Group from GBX 130 ($1.75) to GBX 105 ($1.41) and set a “hold” rating on the stock in a report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. Serco Group currently has a consensus rating of “Hold” and a consensus target price of GBX 130.09 ($1.75).
Shares of Serco Group (LON:SRP) traded down GBX 3.75 ($0.05) during mid-day trading on Wednesday, reaching GBX 93.95 ($1.26). 5,989,705 shares of the company’s stock were exchanged, compared to its average volume of 3,560,000. Serco Group has a 1-year low of GBX 90.40 ($1.22) and a 1-year high of GBX 151.10 ($2.03).
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