Serco Group plc (SRP) Given Average Rating of “Hold” by Brokerages

Shares of Serco Group plc (LON:SRP) have been assigned a consensus recommendation of “Hold” from the thirteen analysts that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is GBX 122.75 ($1.66).

Several equities analysts have weighed in on SRP shares. Liberum Capital downgraded Serco Group to a “sell” rating and dropped their price target for the stock from GBX 120 ($1.63) to GBX 100 ($1.36) in a research report on Friday, November 10th. JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 142 ($1.93) price target on shares of Serco Group in a research report on Tuesday, October 10th. Citigroup reissued a “sell” rating and set a GBX 87 ($1.18) price target on shares of Serco Group in a research report on Wednesday, January 10th. Peel Hunt reaffirmed a “hold” rating and issued a GBX 123 ($1.67) price objective on shares of Serco Group in a research report on Tuesday, November 14th. Finally, Shore Capital reaffirmed a “hold” rating on shares of Serco Group in a research report on Tuesday, November 14th.

In other Serco Group news, insider Angus Cockburn sold 27,197 shares of the business’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of GBX 97 ($1.32), for a total transaction of £26,381.09 ($35,775.82).

Serco Group (SRP) traded down GBX 1.68 ($0.02) during trading on Tuesday, reaching GBX 94.87 ($1.29). 1,692,434 shares of the company traded hands, compared to its average volume of 3,250,000. The stock has a market cap of $1,050.00 and a price-to-earnings ratio of -1,897.40. Serco Group has a one year low of GBX 90.40 ($1.23) and a one year high of GBX 149.70 ($2.03).

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About Serco Group

Serco Group plc is a provider of public services. The Company’s segments are UK Central Government, which offers services for sectors, including defense, justice & immigration and transport delivered to the United Kingdom Government and devolved authorities; UK & Europe Local & Regional Government, which offers services for sectors, including health and citizen services delivered to the United Kingdom & European public sector customers; Americas, which offers services for sectors including defense, transport and citizen services delivered to the United States federal and civilian agencies, selected state and municipal governments and the Canadian Government; Asia Pacific (AsPac), which offers services for sectors, including defense, justice & immigration, transport, health and citizen services in the Asia Pacific region, including Australia, New Zealand and Hong Kong, and Middle East, which offers services for sectors, including defense, transport and health in the Middle East region.

Analyst Recommendations for Serco Group (LON:SRP)

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