Serco Group plc (SRP) Receives Hold Rating from Liberum Capital
Serco Group plc (LON:SRP)‘s stock had its “hold” rating reiterated by analysts at Liberum Capital in a research report issued on Wednesday. They presently have a GBX 120 ($1.56) target price on the stock. Liberum Capital’s target price suggests a potential upside of 8.21% from the stock’s previous close.
A number of other equities analysts also recently commented on SRP. Credit Suisse Group raised their price objective on shares of Serco Group plc from GBX 110 ($1.43) to GBX 120 ($1.56) and gave the stock a “neutral” rating in a report on Wednesday, May 10th. Shore Capital reaffirmed a “hold” rating on shares of Serco Group plc in a report on Tuesday, July 4th. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a GBX 144 ($1.88) price objective on shares of Serco Group plc in a report on Monday, July 3rd. Jefferies Group LLC reaffirmed a “buy” rating and set a GBX 168 ($2.19) price objective on shares of Serco Group plc in a report on Friday, August 4th. Finally, Peel Hunt reduced their price objective on shares of Serco Group plc from GBX 139 ($1.81) to GBX 123 ($1.60) and set a “hold” rating for the company in a report on Friday, June 30th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. Serco Group plc currently has an average rating of “Hold” and a consensus price target of GBX 136.77 ($1.78).
Shares of Serco Group plc (LON SRP) opened at 110.90 on Wednesday. The stock has a 50 day moving average of GBX 113.62 and a 200-day moving average of GBX 120.45. Serco Group plc has a 52 week low of GBX 108.90 and a 52 week high of GBX 151.10. The firm’s market cap is GBX 1.21 billion.
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In related news, insider Rupert Soames sold 36,308 shares of Serco Group plc stock in a transaction dated Friday, June 30th. The shares were sold at an average price of GBX 116 ($1.51), for a total transaction of £42,117.28 ($54,847.35). Also, insider Ian El-Mokadem purchased 50,000 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The shares were purchased at an average cost of GBX 116 ($1.51) per share, with a total value of £58,000 ($75,530.67).
About Serco Group plc
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