Jefferies Financial Group Forecasts Strong Price Appreciation for Serco Group (LON:SRP) Stock

Serco Group (LON:SRPFree Report) had its target price upped by Jefferies Financial Group from GBX 175 to GBX 230 in a research note issued to investors on Thursday, MarketBeat reports. The brokerage currently has a hold rating on the stock.

Several other equities research analysts also recently weighed in on SRP. Deutsche Bank Aktiengesellschaft upped their price target on Serco Group from GBX 210 to GBX 215 and gave the stock a “hold” rating in a report on Friday, August 8th. Shore Capital restated a “hold” rating on shares of Serco Group in a report on Thursday, August 7th. Berenberg Bank restated a “buy” rating and set a GBX 270 price target on shares of Serco Group in a report on Tuesday, September 2nd. Finally, Citigroup cut their price target on Serco Group from GBX 281 to GBX 273 and set a “buy” rating on the stock in a report on Friday, August 29th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of GBX 247.

Get Our Latest Stock Analysis on SRP

Serco Group Price Performance

SRP opened at GBX 224.25 on Thursday. The stock’s 50-day moving average price is GBX 217.19 and its 200 day moving average price is GBX 189.83. Serco Group has a 12-month low of GBX 136.20 and a 12-month high of GBX 232.62. The company has a current ratio of 0.91, a quick ratio of 0.98 and a debt-to-equity ratio of 62.40. The firm has a market cap of £2.26 billion, a price-to-earnings ratio of 4,467.15, a PEG ratio of 3.06 and a beta of 0.38.

Serco Group (LON:SRPGet Free Report) last posted its earnings results on Thursday, August 7th. The company reported GBX 9.74 earnings per share (EPS) for the quarter. Serco Group had a return on equity of 13.70% and a net margin of 2.87%. As a group, sell-side analysts expect that Serco Group will post 17.552759 earnings per share for the current year.

Insider Activity at Serco Group

In other Serco Group news, insider John Rishton acquired 43,086 shares of the company’s stock in a transaction dated Tuesday, August 26th. The shares were acquired at an average price of GBX 225 per share, for a total transaction of £96,943.50. Insiders own 0.99% of the company’s stock.

About Serco Group

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Analyst Recommendations for Serco Group (LON:SRP)

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