Serco Group plc (LON:SRP) had its price target hoisted by Royal Bank Of Canada from GBX 100 ($1.24) to GBX 115 ($1.42) in a report published on Thursday. The firm currently has an underperform rating on the stock.
A number of other equities research analysts have also recently commented on the stock. BNP Paribas restated an outperform rating and set a GBX 150 ($1.86) target price on shares of Serco Group plc in a research note on Monday, July 11th. Peel Hunt reiterated a hold rating and set a GBX 80 ($0.99) price objective on shares of Serco Group plc in a research report on Wednesday, August 3rd. Shore Capital reiterated a hold rating on shares of Serco Group plc in a research report on Wednesday, September 28th. JPMorgan Chase & Co. lifted their price objective on shares of Serco Group plc from GBX 130 ($1.61) to GBX 133 ($1.65) and gave the company a neutral rating in a research report on Friday, July 1st. Finally, Credit Suisse Group AG lifted their price objective on shares of Serco Group plc from GBX 100 ($1.24) to GBX 110 ($1.36) and gave the company a neutral rating in a research report on Wednesday, July 6th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. Serco Group plc presently has a consensus rating of Hold and an average price target of GBX 119.38 ($1.48).
Serco Group plc (LON:SRP) traded up 5.02% during midday trading on Thursday, reaching GBX 136.95. 2,159,881 shares of the company were exchanged. Serco Group plc has a 52 week low of GBX 75.93 and a 52 week high of GBX 139.20. The company has a 50-day moving average of GBX 131.39 and a 200 day moving average of GBX 113.84. The firm’s market capitalization is GBX 1.49 billion.
In related news, insider Cockburn,Angus sold 11,071 shares of Serco Group plc stock in a transaction dated Monday, August 15th. The stock was sold at an average price of GBX 130 ($1.61), for a total value of £14,392.30 ($17,812.25).
About Serco Group plc
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