Serco Group plc (LON:SRP) has earned an average rating of “Hold” from the twelve brokerages that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is GBX 117.82 ($1.63).
A number of analysts have weighed in on SRP shares. Liberum Capital restated a “sell” rating and set a GBX 100 ($1.38) price objective on shares of Serco Group in a research note on Monday, November 20th. Shore Capital restated a “hold” rating on shares of Serco Group in a research note on Thursday, February 22nd. HSBC reduced their price objective on shares of Serco Group from GBX 130 ($1.80) to GBX 105 ($1.45) and set a “hold” rating for the company in a research note on Friday, November 17th. Credit Suisse Group reduced their price objective on shares of Serco Group from GBX 85 ($1.17) to GBX 83 ($1.15) and set an “underperform” rating for the company in a research note on Tuesday, March 6th. Finally, Citigroup restated a “sell” rating and set a GBX 87 ($1.20) price objective on shares of Serco Group in a research note on Wednesday, January 10th.
In other news, insider Angus Cockburn sold 27,197 shares of Serco Group stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of GBX 97 ($1.34), for a total value of £26,381.09 ($36,448.04). Also, insider Kirsty Bashforth purchased 10,000 shares of Serco Group stock in a transaction dated Monday, March 5th. The stock was bought at an average price of GBX 89 ($1.23) per share, with a total value of £8,900 ($12,296.21).
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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.
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