Serco Group (SRP) Stock Rating Reaffirmed by Peel Hunt
Peel Hunt reiterated their hold rating on shares of Serco Group (LON:SRP) in a research note published on Wednesday morning, ThisIsMoney.Co.Uk reports.
A number of other brokerages have also recently issued reports on SRP. Liberum Capital reaffirmed a hold rating on shares of Serco Group in a research note on Tuesday, January 15th. Shore Capital reaffirmed a buy rating on shares of Serco Group in a research note on Thursday, February 21st. Jefferies Financial Group raised their price objective on Serco Group from GBX 123 ($1.61) to GBX 160 ($2.09) and gave the company a buy rating in a research note on Tuesday, April 9th. Barclays reaffirmed an overweight rating and set a GBX 140 ($1.83) price objective on shares of Serco Group in a research note on Friday, February 8th. Finally, Royal Bank of Canada raised their price objective on Serco Group from GBX 95 ($1.24) to GBX 140 ($1.83) and gave the company a sector performer rating in a research note on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of GBX 125.50 ($1.64).
Shares of LON:SRP traded up GBX 1.30 ($0.02) on Wednesday, reaching GBX 126 ($1.65). 857,728 shares of the company traded hands, compared to its average volume of 3,690,000. Serco Group has a 52 week low of GBX 83.60 ($1.09) and a 52 week high of GBX 138.30 ($1.81). The stock has a market capitalization of $1.40 billion and a P/E ratio of 21.00. The company has a current ratio of 0.96, a quick ratio of 0.83 and a debt-to-equity ratio of 65.75.
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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