Serco Group plc (SRP) Given New GBX 142 Price Target at J P Morgan Chase & Co
Serco Group plc (LON:SRP) had its price objective reduced by J P Morgan Chase & Co from GBX 144 ($1.90) to GBX 142 ($1.87) in a research report sent to investors on Friday. They currently have a neutral rating on the stock.
Other research analysts have also issued reports about the company. Jefferies Group LLC restated a buy rating and set a GBX 168 ($2.22) price target on shares of Serco Group plc in a research report on Friday. Shore Capital restated a hold rating on shares of Serco Group plc in a research report on Thursday. Liberum Capital restated a hold rating and set a GBX 120 ($1.58) price target on shares of Serco Group plc in a research report on Thursday. Peel Hunt lowered their price target on Serco Group plc from GBX 139 ($1.83) to GBX 123 ($1.62) and set a hold rating for the company in a research report on Friday, June 30th. Finally, Credit Suisse Group raised their price target on Serco Group plc from GBX 110 ($1.45) to GBX 120 ($1.58) and gave the stock a neutral rating in a research report on Wednesday, May 10th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. Serco Group plc currently has a consensus rating of Hold and an average target price of GBX 136.77 ($1.80).
Shares of Serco Group plc (SRP) traded down 3.64% during midday trading on Friday, reaching GBX 111.30. The company’s stock had a trading volume of 2,565,078 shares. The stock’s 50-day moving average is GBX 114.23 and its 200-day moving average is GBX 121.47. Serco Group plc has a one year low of GBX 109.20 and a one year high of GBX 151.10. The company’s market capitalization is GBX 1.21 billion.
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In other Serco Group plc news, insider Angus Cockburn purchased 116,175 shares of the business’s stock in a transaction on Tuesday, May 9th. The shares were bought at an average cost of GBX 120 ($1.58) per share, for a total transaction of £139,410 ($183,893.95). Also, insider Rupert Soames sold 36,308 shares of the firm’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of GBX 116 ($1.53), for a total value of £42,117.28 ($55,556.36).
Serco Group plc Company Profile
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