Serco Group plc’s (SRP) “Outperform” Rating Reiterated at BNP Paribas

BNP Paribas restated their outperform rating on shares of Serco Group plc (LON:SRP) in a report released on Wednesday morning. The firm currently has a GBX 175 ($2.29) target price on the stock.

SRP has been the subject of several other reports. Barclays PLC restated an overweight rating and issued a GBX 150 ($1.96) price target on shares of Serco Group plc in a research note on Friday, March 31st. Deutsche Bank AG reduced their price target on Serco Group plc from GBX 145 ($1.89) to GBX 135 ($1.76) and set a hold rating for the company in a research note on Thursday, March 16th. Liberum Capital restated a hold rating on shares of Serco Group plc in a research note on Thursday, March 16th. J P Morgan Chase & Co restated a neutral rating and issued a GBX 144 ($1.88) price target on shares of Serco Group plc in a research note on Friday, March 17th. Finally, Peel Hunt reduced their price target on Serco Group plc from GBX 139 ($1.82) to GBX 123 ($1.61) and set a hold rating for the company in a research note on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of GBX 136.92 ($1.79).

Serco Group plc (SRP) opened at 111.70 on Wednesday. The firm’s 50-day moving average price is GBX 118.61 and its 200 day moving average price is GBX 126.87. The firm’s market capitalization is GBX 1.22 billion. Serco Group plc has a 1-year low of GBX 109.20 and a 1-year high of GBX 151.10.

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In other news, insider Rupert Soames sold 36,308 shares of the business’s stock in a transaction on Friday, June 30th. The stock was sold at an average price of GBX 116 ($1.51), for a total transaction of £42,117.28 ($54,997.75). Also, insider Angus Cockburn purchased 116,175 shares of the stock in a transaction dated Tuesday, May 9th. The shares were acquired at an average cost of GBX 120 ($1.57) per share, with a total value of £139,410 ($182,044.92).

About Serco Group plc

Analyst Recommendations for Serco Group plc (LON:SRP)

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