Serco Group (LON:SRP) PT Lowered to GBX 160

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Serco Group (LON:SRP) had its price target reduced by investment analysts at Liberum Capital from GBX 190 ($2.50) to GBX 160 ($2.10) in a research note issued to investors on Friday, ThisIsMoney.Co.Uk reports. The firm currently has a “buy” rating on the stock. Liberum Capital’s price target would suggest a potential upside of 26.18% from the company’s current price.

Several other equities research analysts have also recently weighed in on the company. JPMorgan Chase & Co. raised Serco Group to an “overweight” rating and increased their price objective for the company from GBX 145 ($1.91) to GBX 170 ($2.24) in a research report on Tuesday, December 3rd. Shore Capital reissued a “buy” rating on shares of Serco Group in a research report on Monday, March 9th. Peel Hunt reissued a “hold” rating on shares of Serco Group in a research report on Monday, February 24th. Barclays reissued an “overweight” rating on shares of Serco Group in a research report on Wednesday, March 4th. Finally, Royal Bank of Canada increased their price objective on Serco Group from GBX 165 ($2.17) to GBX 180 ($2.37) and gave the company an “outperform” rating in a research report on Friday, January 10th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of GBX 165.78 ($2.18).

SRP opened at GBX 126.80 ($1.67) on Friday. Serco Group has a 1-year low of GBX 97 ($1.28) and a 1-year high of GBX 169 ($2.22). The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 124.31. The stock has a market capitalization of $1.53 billion and a price-to-earnings ratio of 30.19. The business has a 50 day moving average of GBX 142.46 and a 200-day moving average of GBX 152.31.

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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