Serco Group (SRP) Stock Rating Reaffirmed by Shore Capital
Serco Group (LON:SRP)‘s stock had its “hold” rating reissued by stock analysts at Shore Capital in a report issued on Thursday.
Several other equities research analysts also recently issued reports on SRP. Barclays reiterated an “overweight” rating and set a GBX 120 ($1.57) price objective on shares of Serco Group in a research note on Monday, December 10th. Peel Hunt restated a “reduce” rating on shares of Serco Group in a research note on Tuesday. Liberum Capital upgraded shares of Serco Group to a “hold” rating and upped their target price for the company from GBX 80 ($1.05) to GBX 105 ($1.37) in a research note on Thursday. Royal Bank of Canada upgraded shares of Serco Group to a “sector performer” rating and set a GBX 90 ($1.18) target price for the company in a research note on Monday, December 10th. Finally, Citigroup upgraded shares of Serco Group to a “neutral” rating and upped their target price for the company from GBX 87 ($1.14) to GBX 95 ($1.24) in a research note on Tuesday, October 2nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. Serco Group has a consensus rating of “Hold” and an average price target of GBX 107.40 ($1.40).
SRP opened at GBX 98.25 ($1.28) on Thursday. Serco Group has a 52-week low of GBX 82.25 ($1.07) and a 52-week high of GBX 123.60 ($1.62).
About Serco Group
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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