Serco Group (LON:SRP) Price Target Raised to GBX 160 at UBS Group

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Serco Group (LON:SRP) had its price objective hoisted by stock analysts at UBS Group from GBX 140 ($1.83) to GBX 160 ($2.09) in a research note issued to investors on Wednesday, ThisIsMoney.Co.Uk reports. The firm presently has a “buy” rating on the stock. UBS Group’s target price would suggest a potential upside of 13.96% from the stock’s current price.

SRP has been the subject of several other research reports. JPMorgan Chase & Co. restated an “overweight” rating on shares of in a research note on Friday, June 28th. Shore Capital restated a “buy” rating on shares of AstraZeneca in a research note on Thursday, June 27th. Royal Bank of Canada restated an “outperform” rating and issued a GBX 150 ($1.96) target price on shares of in a research note on Monday, June 17th. Jefferies Financial Group restated a “hold” rating on shares of COMPASS GRP PLC/S in a research note on Tuesday, April 9th. Finally, Barclays restated a “buy” rating and issued a $65.00 target price on shares of Owens Corning in a research note on Monday, July 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. Serco Group has an average rating of “Buy” and an average price target of GBX 141.70 ($1.85).

SRP stock opened at GBX 140.40 ($1.83) on Wednesday. Serco Group has a one year low of GBX 83.60 ($1.09) and a one year high of GBX 146.50 ($1.91). The firm has a market cap of $1.72 billion and a PE ratio of 23.40. The company has a debt-to-equity ratio of 65.75, a current ratio of 0.96 and a quick ratio of 0.83. The stock has a fifty day moving average price of GBX 136.19.

In related news, insider David Eveleigh sold 18,629 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of GBX 125 ($1.63), for a total value of £23,286.25 ($30,427.61).

Serco Group Company Profile

Serco Group plc provides public services in the United Kingdom, Europe, North America, the Asia Pacific, and the Middle East. The company offers base and operational support engineering, and management and information, as well as nuclear, space, and maritime services for the defense sector; and custodial, immigration detention, and detainee transport and monitoring services for the justice and immigration sectors.

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Analyst Recommendations for Serco Group (LON:SRP)

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