Serco Group (SRP) Stock Rating Reaffirmed by Citigroup
Serco Group (LON:SRP)‘s stock had its “sell” rating reiterated by research analysts at Citigroup in a research note issued on Wednesday. They presently have a GBX 87 ($1.18) price target on the stock. Citigroup’s price target indicates a potential downside of 12.61% from the company’s previous close.
Several other equities analysts have also commented on the company. Credit Suisse Group lowered Serco Group to an “underperform” rating and dropped their target price for the company from GBX 120 ($1.63) to GBX 85 ($1.15) in a research note on Wednesday, January 3rd. Peel Hunt dropped their target price on Serco Group from GBX 123 ($1.67) to GBX 96 ($1.30) and set a “hold” rating for the company in a research note on Friday, December 15th. Numis Securities reiterated a “hold” rating and issued a GBX 110 ($1.49) target price on shares of Serco Group in a research note on Thursday, December 14th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 142 ($1.93) target price on shares of Serco Group in a research note on Thursday, December 14th. Finally, Liberum Capital reiterated a “sell” rating and issued a GBX 100 ($1.36) target price on shares of Serco Group in a research note on Wednesday, December 13th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of GBX 123.58 ($1.68).
Serco Group (LON SRP) opened at GBX 99.55 ($1.35) on Wednesday. The company has a market capitalization of $1,100.00 and a price-to-earnings ratio of -1,991.00. Serco Group has a 12 month low of GBX 90.40 ($1.23) and a 12 month high of GBX 151.10 ($2.05).
In other Serco Group news, insider Angus Cockburn sold 27,197 shares of the business’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of GBX 97 ($1.32), for a total transaction of £26,381.09 ($35,775.82).
About Serco Group
Receive News & Ratings for Serco Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Serco Group and related companies with MarketBeat.com's FREE daily email newsletter.