Citigroup Reaffirms Sell Rating for Serco Group (SRP)

Serco Group (LON:SRP)‘s stock had its “sell” rating reaffirmed by equities researchers at Citigroup in a research note issued on Wednesday, January 10th. They presently have a GBX 87 ($1.22) price objective on the stock. Citigroup’s price target indicates a potential upside of 1.58% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Shore Capital reissued a “hold” rating on shares of Serco Group in a research note on Wednesday, December 13th. HSBC cut their target price on shares of Serco Group from GBX 130 ($1.83) to GBX 105 ($1.47) and set a “hold” rating on the stock in a research note on Friday, November 17th. Peel Hunt reiterated a “hold” rating and set a GBX 123 ($1.73) price target on shares of Serco Group in a report on Tuesday, November 14th. Liberum Capital reiterated a “hold” rating and set a GBX 120 ($1.69) price target on shares of Serco Group in a report on Tuesday, October 24th. Finally, Numis Securities reiterated a “hold” rating and set a GBX 110 ($1.54) price target on shares of Serco Group in a report on Thursday, December 14th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Serco Group presently has a consensus rating of “Hold” and a consensus target price of GBX 122.75 ($1.72).

Shares of Serco Group (LON SRP) traded down GBX 3.05 ($0.04) during mid-day trading on Wednesday, reaching GBX 85.65 ($1.20). 6,210,000 shares of the company’s stock were exchanged, compared to its average volume of 2,730,000. The stock has a market capitalization of $940.92 and a P/E ratio of -1,713.00. Serco Group has a one year low of GBX 82.25 ($1.16) and a one year high of GBX 149.70 ($2.10).

In other Serco Group news, insider Angus Cockburn sold 27,197 shares of the company’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of GBX 97 ($1.36), for a total transaction of £26,381.09 ($37,046.89).

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Serco Group Company Profile

Serco Group plc is a provider of public services. The Company’s segments are UK Central Government, which offers services for sectors, including defense, justice & immigration and transport delivered to the United Kingdom Government and devolved authorities; UK & Europe Local & Regional Government, which offers services for sectors, including health and citizen services delivered to the United Kingdom & European public sector customers; Americas, which offers services for sectors including defense, transport and citizen services delivered to the United States federal and civilian agencies, selected state and municipal governments and the Canadian Government; Asia Pacific (AsPac), which offers services for sectors, including defense, justice & immigration, transport, health and citizen services in the Asia Pacific region, including Australia, New Zealand and Hong Kong, and Middle East, which offers services for sectors, including defense, transport and health in the Middle East region.

Analyst Recommendations for Serco Group (LON:SRP)

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