Serco Group (SRP) Earns Reduce Rating from Peel Hunt
Peel Hunt restated their reduce rating on shares of Serco Group (LON:SRP) in a research report report published on Tuesday. Peel Hunt currently has a GBX 87 ($1.14) price target on the stock, up from their previous price target of GBX 86 ($1.12).
A number of other equities research analysts have also recently commented on SRP. UBS Group decreased their target price on shares of Serco Group from GBX 140 ($1.83) to GBX 135 ($1.76) and set a buy rating on the stock in a research note on Wednesday, July 4th. Liberum Capital restated a sell rating on shares of Serco Group in a research note on Thursday, August 2nd. Shore Capital restated a hold rating on shares of Serco Group in a research note on Thursday, August 2nd. Jefferies Financial Group decreased their target price on shares of Serco Group from GBX 168 ($2.20) to GBX 123 ($1.61) and set a buy rating on the stock in a research note on Monday, August 6th. Finally, Citigroup upgraded shares of Serco Group to a neutral rating and raised their target price for the stock from GBX 87 ($1.14) to GBX 95 ($1.24) in a research note on Tuesday, October 2nd. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of GBX 108.17 ($1.41).
LON SRP opened at GBX 96.85 ($1.27) on Tuesday. Serco Group has a 12 month low of GBX 82.25 ($1.07) and a 12 month high of GBX 123.60 ($1.62).
Serco Group plc provides public services in the Asia Pacific, the Middle East, Europe, the United Kingdom, and North America. It provides defense, health, justice and immigration, transport, and citizen services. The company also offers non-clinical support services to hospitals; environmental and leisure services, as well as a range of front, middle, and back-office services to public sector customers; and IT services.
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