Serco (LON:SRP) had its price target cut by BNP Paribas from GBX 175 ($2.46) to GBX 125 ($1.75) in a research note issued to investors on Thursday. They currently have an outperform rating on the stock.
Several other research firms have also recently weighed in on SRP. Citigroup reaffirmed a sell rating and set a GBX 87 ($1.22) price objective on shares of Serco in a research report on Wednesday, January 10th. JPMorgan Chase reaffirmed a neutral rating and set a GBX 142 ($1.99) price objective on shares of Serco in a research report on Thursday, December 14th. Liberum Capital reaffirmed a sell rating and set a GBX 100 ($1.40) price objective on shares of Serco in a research report on Monday, January 15th. Peel Hunt cut their price objective on shares of Serco from GBX 123 ($1.73) to GBX 96 ($1.35) and set a hold rating for the company in a research report on Friday, December 15th. Finally, Numis Securities reaffirmed a hold rating and set a GBX 110 ($1.54) price objective on shares of Serco in a research report on Thursday, December 14th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of Hold and a consensus price target of GBX 111.10 ($1.56).
Shares of Serco stock opened at GBX 93.95 ($1.32) on Thursday. Serco has a 52-week low of GBX 82.25 ($1.15) and a 52-week high of GBX 123.60 ($1.73).
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Serco Company Profile
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 local authorities; and IT services to European institutions.
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