Serco Group plc (SRP) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Serco Group plc (LON:SRP) have been given an average rating of “Hold” by the fourteen brokerages that are covering the company. Three equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is GBX 119.38 ($1.46).
A number of equities research analysts recently commented on SRP shares. BNP Paribas reiterated an “outperform” rating and issued a GBX 150 ($1.83) target price on shares of Serco Group plc in a research report on Monday, June 27th. JPMorgan Chase & Co. boosted their price objective on Serco Group plc from GBX 130 ($1.58) to GBX 133 ($1.62) and gave the stock a “neutral” rating in a research note on Friday, July 1st. Credit Suisse Group AG boosted their price objective on Serco Group plc from GBX 100 ($1.22) to GBX 110 ($1.34) and gave the stock a “neutral” rating in a research note on Wednesday, July 6th. Numis Securities Ltd reissued a “reduce” rating and set a GBX 85 ($1.04) price objective on shares of Serco Group plc in a research note on Wednesday, July 6th. Finally, Deutsche Bank AG boosted their price objective on Serco Group plc from GBX 95 ($1.16) to GBX 125 ($1.52) and gave the stock a “hold” rating in a research note on Monday, August 1st.
Serco Group plc (LON:SRP) opened at 133.80 on Thursday. The stock has a 50 day moving average price of GBX 131.68 and a 200-day moving average price of GBX 114.57. 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 cap is GBX 1.46 billion.
In other Serco Group plc news, insider Cockburn,Angus sold 11,071 shares of the company’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of GBX 130 ($1.58), for a total transaction of £14,392.30 ($17,540.89).
About Serco Group plc
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