Serco Group plc (SRP) Given New GBX 115 Price Target at Royal Bank Of Canada
Serco Group plc (LON:SRP) had its price target raised by Royal Bank Of Canada from GBX 100 ($1.24) to GBX 115 ($1.42) in a research note issued to investors on Thursday. The brokerage currently has an underperform rating on the stock.
Other research analysts have also recently issued reports about the stock. Deutsche Bank AG lifted their price objective on shares of Serco Group plc from GBX 125 ($1.55) to GBX 130 ($1.61) and gave the company a hold rating in a report on Tuesday, September 13th. Jefferies Group reiterated a buy rating and set a GBX 157 ($1.94) price objective on shares of Serco Group plc in a report on Friday, August 5th. BNP Paribas reiterated an outperform rating and set a GBX 150 ($1.86) price objective on shares of Serco Group plc in a report on Wednesday, August 10th. Peel Hunt lifted their price objective on shares of Serco Group plc from GBX 80 ($0.99) to GBX 120 ($1.49) and gave the company a hold rating in a report on Friday, September 2nd. Finally, Citigroup Inc. reiterated a neutral rating and set a GBX 130 ($1.61) price objective on shares of Serco Group plc in a report on Wednesday, August 31st. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of GBX 119.38 ($1.48).
Shares of Serco Group plc (LON:SRP) traded up 5.02% during midday trading on Thursday, hitting GBX 136.95. 2,159,881 shares of the stock were exchanged. Serco Group plc has a 1-year low of GBX 75.93 and a 1-year high of GBX 139.20. The stock’s market capitalization is GBX 1.49 billion. The firm’s 50 day moving average is GBX 131.39 and its 200-day moving average is GBX 113.84.
In other news, insider Cockburn,Angus sold 11,071 shares of the company’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of GBX 130 ($1.61), for a total value of £14,392.30 ($17,812.25).
Serco Group plc Company Profile
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