Peel Hunt Reiterates Reduce Rating for Serco Group (SRP)

Peel Hunt restated their reduce rating on shares of Serco Group (LON:SRP) in a research note published on Tuesday, January 23rd. The brokerage currently has a GBX 86 ($1.19) price objective on the stock, down from their prior price objective of GBX 96 ($1.33).

A number of other brokerages have also recently issued reports on SRP. Liberum Capital reissued a sell rating and issued a GBX 100 ($1.38) target price on shares of Serco Group in a research report on Monday, November 20th. Shore Capital reaffirmed a hold rating on shares of Serco Group in a research report on Tuesday, October 24th. HSBC decreased their price objective on Serco Group from GBX 130 ($1.80) to GBX 105 ($1.45) and set a hold rating for the company in a research report on Friday, November 17th. JPMorgan Chase & Co. reaffirmed a neutral rating and set a GBX 142 ($1.96) price objective on shares of Serco Group in a research report on Tuesday, October 10th. Finally, Citigroup reaffirmed a sell rating and set a GBX 87 ($1.20) price objective on shares of Serco Group in a research report on Wednesday, January 10th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of GBX 121.08 ($1.67).

Serco Group (SRP) traded up GBX 3.40 ($0.05) during trading hours on Tuesday, hitting GBX 86.95 ($1.20). The stock had a trading volume of 2,798,219 shares, compared to its average volume of 3,600,000. The firm has a market cap of $955.20 and a PE ratio of -1,739.00. Serco Group has a twelve month low of GBX 82.25 ($1.14) and a twelve month high of GBX 149.70 ($2.07).

In related news, insider Angus Cockburn sold 27,197 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of GBX 97 ($1.34), for a total value of £26,381.09 ($36,448.04).

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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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