Brokerages Set Serco Group plc (SRP) Target Price at $137.33
Serco Group plc (LON:SRP) has been assigned an average recommendation of “Hold” from the thirteen research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is GBX 137.33 ($1.85).
Several analysts have issued reports on SRP shares. BNP Paribas reaffirmed an “outperform” rating and set a GBX 175 ($2.35) price target on shares of Serco Group plc in a research report on Wednesday, July 12th. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a GBX 144 ($1.94) price target on shares of Serco Group plc in a research report on Monday, July 3rd. Peel Hunt dropped their price target on shares of Serco Group plc from GBX 139 ($1.87) to GBX 123 ($1.65) and set a “hold” rating on the stock in a research report on Friday, June 30th. Jefferies Group LLC reaffirmed a “buy” rating and set a GBX 168 ($2.26) price target on shares of Serco Group plc in a research report on Friday, August 4th. Finally, Liberum Capital reaffirmed a “hold” rating and set a GBX 120 ($1.61) price target on shares of Serco Group plc in a research report on Thursday, August 3rd.
In related news, insider Rupert Soames sold 36,308 shares of the firm’s stock in a transaction dated Friday, June 30th. The shares were sold at an average price of GBX 116 ($1.56), for a total transaction of £42,117.28 ($56,639.70). Also, insider Ian El-Mokadem purchased 50,000 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were acquired at an average cost of GBX 116 ($1.56) per share, for a total transaction of £58,000 ($77,998.92).
Serco Group plc Company Profile
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