Serco Group (LON:SRP)‘s stock had its “add” rating reiterated by Peel Hunt in a research report issued on Wednesday, Digital Look reports. They presently have a GBX 146 ($1.91) target price on the stock, up from their prior target price of GBX 129 ($1.69). Peel Hunt’s price objective indicates a potential upside of 6.65% from the company’s current price.
Several other research analysts have also issued reports on the stock. Royal Bank of Canada increased their target price on shares of Serco Group from GBX 95 ($1.24) to GBX 140 ($1.83) and gave the stock a “sector performer” rating in a research note on Tuesday, March 5th. Jefferies Financial Group reissued a “buy” rating and set a GBX 123 ($1.61) target price on shares of Serco Group in a research note on Thursday, February 21st. Liberum Capital reissued a “hold” rating on shares of Serco Group in a research note on Tuesday, April 2nd. Shore Capital reissued a “buy” rating on shares of Serco Group in a research note on Thursday, February 21st. Finally, JPMorgan Chase & Co. increased their target price on shares of Serco Group from GBX 120 ($1.57) to GBX 130 ($1.70) and gave the stock a “neutral” rating in a research note on Thursday, May 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of GBX 138.70 ($1.81).
LON SRP traded up GBX 0.80 ($0.01) on Wednesday, hitting GBX 136.90 ($1.79). 4,684,437 shares of the company were exchanged, compared to its average volume of 3,690,000. The stock has a market capitalization of $1.66 billion and a P/E ratio of 22.82. Serco Group has a 12 month low of GBX 83.60 ($1.09) and a 12 month high of GBX 138.30 ($1.81). The stock’s fifty day moving average is GBX 127.62. The company has a debt-to-equity ratio of 65.75, a quick ratio of 0.83 and a current ratio of 0.96.
In other Serco Group news, insider David Eveleigh sold 18,629 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of GBX 125 ($1.63), for a total value of £23,286.25 ($30,427.61).
About Serco Group
Serco Group plc provides public services in the United Kingdom, Europe, North America, the Asia Pacific, and the Middle East. The company offers base and operational support engineering, and management and information, as well as nuclear, space, and maritime services for the defense sector; and custodial, immigration detention, and detainee transport and monitoring services for the justice and immigration sectors.
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