Serco Group plc (SRP) Rating Reiterated by J P Morgan Chase & Co
Serco Group plc (LON:SRP)‘s stock had its “neutral” rating restated by investment analysts at J P Morgan Chase & Co in a report issued on Tuesday. They presently have a GBX 142 ($1.87) target price on the stock. J P Morgan Chase & Co’s price target would indicate a potential upside of 20.44% from the company’s previous close.
A number of other research firms have also weighed in on SRP. Shore Capital reissued a “hold” rating on shares of Serco Group plc in a research note on Thursday, August 31st. Liberum Capital reissued a “hold” rating and issued a GBX 120 ($1.58) target price on shares of Serco Group plc in a research note on Sunday, July 2nd. Jefferies Group LLC reissued a “buy” rating and issued a GBX 168 ($2.21) target price on shares of Serco Group plc in a research note on Friday, August 4th. Peel Hunt lowered their target price 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 note on Friday, June 30th. Finally, BNP Paribas reissued an “outperform” rating and issued a GBX 175 ($2.30) target price on shares of Serco Group plc in a research note on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 137.33 ($1.81).
Shares of Serco Group plc (LON:SRP) opened at 117.90 on Tuesday. The firm’s market cap is GBX 1.29 billion. Serco Group plc has a 52 week low of GBX 104.50 and a 52 week high of GBX 151.10. The stock has a 50 day moving average price of GBX 113.69 and a 200 day moving average price of GBX 114.57.
TRADEMARK VIOLATION NOTICE: This piece of content was posted by Daily Political and is the property of of Daily Political. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of international copyright legislation. The correct version of this piece of content can be accessed at https://www.dailypolitical.com/2017/10/09/serco-group-plc-srp-rating-reiterated-by-j-p-morgan-chase-co.html.
In other news, insider Ian El-Mokadem bought 50,000 shares of Serco Group plc stock in a transaction on Thursday, August 3rd. The shares were purchased at an average price of GBX 116 ($1.53) per share, for a total transaction of £58,000 ($76,255.59).
About Serco Group plc
Receive News & Ratings for Serco Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Serco Group plc and related companies with MarketBeat.com's FREE daily email newsletter.