Serco Group plc (SRP) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Serco Group plc (LON:SRP) have earned an average rating of “Hold” from the fourteen research firms that are covering the firm. Three investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is GBX 119.38 ($1.49).
SRP has been the subject of a number of recent analyst reports. Citigroup Inc. reaffirmed a “neutral” rating and set a GBX 130 ($1.62) target price on shares of Serco Group plc in a report on Wednesday, August 31st. Jefferies Group reaffirmed a “buy” rating and set a GBX 157 ($1.96) target price on shares of Serco Group plc in a report on Friday, August 5th. Deutsche Bank AG lifted their target price on Serco Group plc from GBX 95 ($1.19) to GBX 125 ($1.56) and gave the company a “hold” rating in a report on Monday, August 1st. Shore Capital reaffirmed a “hold” rating on shares of Serco Group plc in a report on Wednesday, September 28th. Finally, Peel Hunt lifted their price target on Serco Group plc from GBX 80 ($1.00) to GBX 120 ($1.50) and gave the company a “hold” rating in a research report on Friday, September 2nd.
Shares of Serco Group plc (LON:SRP) opened at 136.40 on Thursday. The firm’s market cap is GBX 1.49 billion. Serco Group plc has a 52-week low of GBX 75.93 and a 52-week high of GBX 141.50. The firm’s 50-day moving average is GBX 135.97 and its 200-day moving average is GBX 121.66.
Serco Group plc Company Profile
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