Serco Group (LON:SRP) Stock Price Expected to Rise, Citigroup Analyst Says

Serco Group (LON:SRP) had its price target hoisted by equities research analysts at Citigroup from GBX 371 to GBX 372 in a research report issued to clients and investors on Friday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Citigroup’s price objective would suggest a potential upside of 41.88% from the stock’s current price.

SRP has been the subject of a number of other reports. Jefferies Financial Group reissued a “hold” rating and set a GBX 230 target price on shares of Serco Group in a research report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 255 price target on shares of Serco Group in a report on Friday, June 26th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 301.75.

Serco Group Price Performance

Shares of LON:SRP opened at GBX 262.20 on Friday. The company’s 50-day moving average is GBX 239.34 and its 200 day moving average is GBX 275.03. The company has a debt-to-equity ratio of 104.09, a quick ratio of 0.98 and a current ratio of 0.93. The company has a market capitalization of £2.56 billion, a P/E ratio of 18.64, a price-to-earnings-growth ratio of 3.06 and a beta of 0.50. Serco Group has a fifty-two week low of GBX 212.80 and a fifty-two week high of GBX 325.80.

Serco Group (LON:SRP) last posted its quarterly earnings data on Thursday, August 6th. The company reported GBX 9.69 earnings per share (EPS) for the quarter. Serco Group had a net margin of 2.97% and a return on equity of 16.69%. On average, equities research analysts forecast that Serco Group will post 17.552759 earnings per share for the current year.

About Serco Group