Serco Group (SRP) Price Target Raised to GBX 115 at JPMorgan Chase & Co.

Serco Group (LON:SRP) had its price objective raised by JPMorgan Chase & Co. from GBX 108 ($1.41) to GBX 115 ($1.50) in a research note released on Thursday morning. They currently have a neutral rating on the stock.

Several other research firms have also recently issued reports on SRP. Royal Bank of Canada reiterated a sector performer rating on shares of Serco Group in a research report on Thursday. Citigroup upgraded shares of Serco Group to a buy rating and lifted their price objective for the company from GBX 95 ($1.24) to GBX 130 ($1.70) in a research report on Wednesday. Peel Hunt reiterated a hold rating on shares of Serco Group in a research report on Wednesday. Shore Capital upgraded shares of Serco Group to a buy rating in a research report on Wednesday. Finally, UBS Group reiterated a buy rating on shares of Serco Group in a research report on Wednesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. Serco Group has a consensus rating of Hold and an average target price of GBX 112.18 ($1.47).

LON:SRP traded up GBX 1.40 ($0.02) during trading hours on Thursday, hitting GBX 114.50 ($1.50). 3,135,364 shares of the stock traded hands, compared to its average volume of 3,690,000. Serco Group has a 1 year low of GBX 82.25 ($1.07) and a 1 year high of GBX 123.60 ($1.62).

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

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.

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Analyst Recommendations for Serco Group (LON:SRP)

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