Serco Group plc (SRP) Receives GBX 111.30 Average PT from Brokerages

Shares of Serco Group plc (LON:SRP) have been given an average recommendation of “Hold” by the twelve analysts that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is GBX 111.30 ($1.45).

A number of equities analysts recently issued reports on SRP shares. Liberum Capital reiterated a “sell” rating on shares of Serco Group in a report on Thursday, August 2nd. Shore Capital reiterated a “hold” rating on shares of Serco Group in a report on Thursday, August 2nd. Peel Hunt reiterated a “reduce” rating on shares of Serco Group in a report on Friday, September 28th. Royal Bank of Canada increased their target price on Serco Group from GBX 85 ($1.11) to GBX 90 ($1.18) and gave the stock an “underperform” rating in a report on Thursday, October 18th. Finally, Barclays cut their target price on Serco Group from GBX 125 ($1.63) to GBX 120 ($1.57) and set an “overweight” rating on the stock in a report on Tuesday, October 9th.

In other Serco Group news, insider Rupert Soames sold 399,661 shares of the firm’s stock in a transaction on Friday, November 9th. The stock was sold at an average price of GBX 96 ($1.25), for a total transaction of £383,674.56 ($501,338.77).

Shares of SRP stock traded up GBX 0.45 ($0.01) during trading hours on Monday, hitting GBX 91.95 ($1.20). 1,432,669 shares of the company were exchanged, compared to its average volume of 3,690,000. Serco Group has a fifty-two week low of GBX 82.25 ($1.07) and a fifty-two week high of GBX 123.60 ($1.62).

About Serco Group

Serco Group plc provides public services in the Asia Pacific, the Middle East, Europe, the United Kingdom, and North America. It provides defense, health, justice and immigration, transport, and citizen services. The company also offers non-clinical support services to hospitals; environmental and leisure services, as well as a range of front, middle, and back-office services to public sector customers; and IT services.

Recommended Story: Asset Allocation and Your Retirement

Analyst Recommendations for Serco Group (LON:SRP)

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

Leave a Reply