Serco Group’s (SRP) Sell Rating Reiterated at Citigroup
Several other equities research analysts have also recently weighed in on SRP. JPMorgan Chase & Co. reiterated a neutral rating and issued a GBX 142 ($1.93) price objective on shares of Serco Group in a report on Tuesday, October 10th. Liberum Capital reiterated a hold rating and issued a GBX 120 ($1.63) price objective on shares of Serco Group in a report on Tuesday, October 24th. Shore Capital reiterated a hold rating on shares of Serco Group in a report on Tuesday, October 24th. Peel Hunt reiterated a hold rating and issued a GBX 123 ($1.67) price objective on shares of Serco Group in a report on Tuesday, November 14th. Finally, HSBC dropped their price objective on Serco Group from GBX 130 ($1.76) to GBX 105 ($1.42) and set a hold rating for the company in a report on Friday, November 17th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of GBX 123.58 ($1.68).
Shares of Serco Group (LON SRP) opened at GBX 98.15 ($1.33) on Wednesday. Serco Group has a fifty-two week low of GBX 90.40 ($1.23) and a fifty-two week high of GBX 151.10 ($2.05). The firm has a market capitalization of $1,070.00 and a P/E ratio of -1,963.00.
In other Serco Group news, insider Angus Cockburn sold 27,197 shares of Serco Group stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of GBX 97 ($1.32), for a total transaction of £26,381.09 ($35,775.82).
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About Serco Group
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