Liberum Capital Reiterates Sell Rating for Serco Group (SRP)
Serco Group (LON:SRP)‘s stock had its “sell” rating reaffirmed by research analysts at Liberum Capital in a report released on Monday. They presently have a GBX 100 ($1.36) target price on the stock. Liberum Capital’s price objective indicates a potential downside of 5.12% from the stock’s previous close.
A number of other research analysts have also weighed in on the stock. Citigroup reaffirmed a “sell” rating and issued a GBX 87 ($1.18) price objective on shares of Serco Group in a research note on Wednesday, January 10th. Credit Suisse Group lowered shares of Serco Group to an “underperform” rating and dropped their price objective for the company from GBX 120 ($1.63) to GBX 85 ($1.15) in a research note on Wednesday, January 3rd. Peel Hunt dropped their price objective on shares of Serco Group from GBX 123 ($1.67) to GBX 96 ($1.30) and set a “hold” rating on the stock in a research note on Friday, December 15th. Numis Securities reaffirmed a “hold” rating and issued a GBX 110 ($1.49) price objective on shares of Serco Group in a research note on Thursday, December 14th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 142 ($1.93) price objective on shares of Serco Group in a research note on Thursday, December 14th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. Serco Group presently has a consensus rating of “Hold” and an average price target of GBX 123.58 ($1.68).
Serco Group (LON SRP) traded up GBX 7.25 ($0.10) during trading on Monday, hitting GBX 105.40 ($1.43). 5,582,873 shares of the company’s stock were exchanged, compared to its average volume of 3,060,000. Serco Group has a 12-month low of GBX 90.40 ($1.23) and a 12-month high of GBX 151.10 ($2.05). The company has a market capitalization of $1,090.00 and a price-to-earnings ratio of -2,108.00.
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Serco Group Company Profile
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