Serco Group plc’s (SRP) “Hold” Rating Reiterated at Liberum Capital

Serco Group plc (LON:SRP)‘s stock had its “hold” rating reiterated by equities research analysts at Liberum Capital in a report issued on Tuesday. They currently have a GBX 120 ($1.53) price objective on the stock. Liberum Capital’s price target would suggest a potential upside of 1.69% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the company. Shore Capital reissued a “hold” rating on shares of Serco Group plc in a report on Friday, June 9th. Credit Suisse Group boosted their price objective on Serco Group plc from GBX 110 ($1.40) to GBX 120 ($1.53) and gave the company a “neutral” rating in a report on Wednesday, May 10th. Barclays PLC reissued an “overweight” rating and issued a GBX 150 ($1.91) price objective on shares of Serco Group plc in a report on Friday, March 31st. J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 144 ($1.83) price objective on shares of Serco Group plc in a report on Friday, March 17th. Finally, Deutsche Bank AG reduced their price target on Serco Group plc from GBX 145 ($1.85) to GBX 135 ($1.72) and set a “hold” rating for the company in a report on Thursday, March 16th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 140.08 ($1.78).

Analyst Recommendations for Serco Group plc (LON:SRP)

Serco Group plc (SRP) opened at 121.60 on Tuesday. Serco Group plc has a 1-year low of GBX 94.95 and a 1-year high of GBX 151.10. The company’s market cap is GBX 1.32 billion. The stock has a 50 day moving average price of GBX 118.48 and a 200 day moving average price of GBX 127.86.

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In other news, insider Angus Cockburn acquired 116,175 shares of the business’s stock in a transaction on Tuesday, May 9th. The stock was bought at an average cost of GBX 120 ($1.53) per share, for a total transaction of £139,410 ($177,614.98).

Serco Group plc Company Profile

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