Serco Group (LON:SRP) Price Target Raised to GBX 372 at Citigroup

Serco Group (LON:SRP) had its target price increased by equities research analysts at Citigroup from GBX 371 to GBX 372 in a research note issued to investors on Friday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Citigroup’s price objective would suggest a potential upside of 41.88% from the company’s current price.

Several other equities research analysts also recently issued reports on the company. Jefferies Financial Group reiterated a “hold” rating and set a GBX 230 price target on shares of Serco Group in a report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set 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 data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 301.75.

Serco Group Trading Up 0.8%

SRP opened at GBX 262.20 on Friday. Serco Group has a fifty-two week low of GBX 212.80 and a fifty-two week high of GBX 325.80. The firm has a market capitalization of £2.56 billion, a PE ratio of 18.64, a P/E/G ratio of 3.06 and a beta of 0.50. The company has a debt-to-equity ratio of 104.09, a current ratio of 0.93 and a quick ratio of 0.98. The company’s 50-day moving average is GBX 239.34 and its 200 day moving average is GBX 275.03.

Serco Group (LON:SRP) last released its quarterly earnings results on Thursday, August 6th. The company reported GBX 9.69 earnings per share (EPS) for the quarter. Serco Group had a return on equity of 16.69% and a net margin of 2.97%. As a group, research analysts predict that Serco Group will post 17.552759 earnings per share for the current fiscal year.

Serco Group Company Profile