Serco Group’s (SRP) “Hold” Rating Reaffirmed at Shore Capital

Serco Group’s (SRP) “Hold” Rating Reaffirmed at Shore Capital

Shore Capital reaffirmed their hold rating on shares of Serco Group (LON:SRP) in a research note released on Wednesday.

Several other research analysts also recently issued reports on SRP. Liberum Capital reduced their price target on shares of Serco Group from GBX 100 ($1.38) to GBX 80 ($1.11) and set a sell rating on the stock in a research report on Friday, February 9th. Numis Securities reiterated a hold rating and set a GBX 110 ($1.52) price target on shares of Serco Group in a research report on Thursday, December 14th. JPMorgan Chase & Co. reiterated a neutral rating and set a GBX 142 ($1.96) price target on shares of Serco Group in a research report on Thursday, December 14th. Credit Suisse Group downgraded shares of Serco Group to an underperform rating and reduced their price target for the stock from GBX 120 ($1.66) to GBX 85 ($1.17) in a research report on Wednesday, January 3rd. Finally, Peel Hunt reiterated a reduce rating and set a GBX 86 ($1.19) price target (down previously from GBX 96 ($1.33)) on shares of Serco Group in a research report on Tuesday, January 23rd. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of Hold and an average price target of GBX 121.08 ($1.67).

Serco Group (LON:SRP) opened at GBX 89.10 ($1.23) on Wednesday. The stock has a market cap of $978.82 and a PE ratio of -1,782.00. Serco Group has a 52-week low of GBX 82.25 ($1.14) and a 52-week high of GBX 149.70 ($2.07).

In other Serco Group news, insider Angus Cockburn sold 27,197 shares of the company’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of GBX 97 ($1.34), for a total transaction 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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Shore Capital reissued their hold rating on shares of Serco Group (LON:SRP) in a research note released on Wednesday morning.

Other equities research analysts have also issued research reports about the stock. JPMorgan Chase & Co. reissued a neutral rating and issued a GBX 142 ($1.96) price target on shares of Serco Group in a report on Thursday, December 14th. Numis Securities reissued a hold rating and issued a GBX 110 ($1.52) price target on shares of Serco Group in a report on Thursday, December 14th. Peel Hunt lowered their price target on shares of Serco Group from GBX 123 ($1.70) to GBX 96 ($1.33) and set a hold rating on the stock in a report on Friday, December 15th. Liberum Capital reissued a sell rating and issued a GBX 100 ($1.38) price target on shares of Serco Group in a report on Wednesday, December 13th. Finally, HSBC reduced their target price on shares of Serco Group from GBX 130 ($1.80) to GBX 105 ($1.45) and set a hold rating on the stock in a research note on Friday, November 17th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of GBX 121.08 ($1.67).

Shares of Serco Group (LON SRP) opened at GBX 89.10 ($1.23) on Wednesday. The stock has a market cap of $978.82 and a price-to-earnings ratio of -1,782.00. Serco Group has a fifty-two week low of GBX 82.25 ($1.14) and a fifty-two week high of GBX 149.70 ($2.07).

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

TRADEMARK VIOLATION NOTICE: This story was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this story on another domain, it was illegally copied and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be read at https://www.dispatchtribunal.com/2018/02/18/serco-groups-srp-hold-rating-reaffirmed-at-shore-capital.html.

About Serco Group

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)

Receive News & Ratings for Serco Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Serco Group and related companies with MarketBeat.com's FREE daily email newsletter.

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