Serco Group (LON:SRP) Price Target Raised to GBX 400

Serco Group (LON:SRP) had its target price upped by Berenberg Bank from GBX 350 to GBX 400 in a report released on Tuesday morning,Digital Look reports. Berenberg Bank currently has a buy rating on the stock.

SRP has been the topic of a number of other reports. Citigroup lifted their price target on Serco Group from GBX 371 to GBX 372 and gave the stock a “buy” rating in a report on Friday, August 7th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 230 price objective on shares of Serco Group in a research report on Thursday, June 25th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 255 price objective on shares of Serco Group in a research note on Friday, June 26th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 314.25.

Serco Group Price Performance

Serco Group stock opened at GBX 268.26 on Tuesday. Serco Group has a 52 week low of GBX 218.40 and a 52 week high of GBX 325.80. The company’s 50 day moving average price is GBX 257.51 and its two-hundred day moving average price is GBX 258.85. The company has a quick ratio of 0.98, a current ratio of 0.92 and a debt-to-equity ratio of 104.16. The stock has a market cap of £2.58 billion, a P/E ratio of 17.92, a P/E/G ratio of 3.06 and a beta of 0.52.

Serco Group (LON:SRP) last announced its earnings results on Thursday, August 6th. The company reported GBX 9.69 earnings per share for the quarter. Serco Group had a return on equity of 17.55% and a net margin of 3.06%. On average, equities analysts predict that Serco Group will post 17.55 earnings per share for the current year.

Serco Group Company Profile