Serco (SRP) PT Lowered to GBX 125 at BNP Paribas

Serco (LON:SRP) had its target price reduced by stock analysts at BNP Paribas from GBX 175 ($2.46) to GBX 125 ($1.75) in a report released on Thursday. The brokerage currently has an “outperform” rating on the stock. BNP Paribas’ target price indicates a potential upside of 33.05% from the company’s previous close.

SRP has been the topic of a number of other reports. Liberum Capital restated a “sell” rating and issued a GBX 100 ($1.40) price target on shares of Serco in a research note on Wednesday, December 13th. Credit Suisse Group downgraded Serco to an “underperform” rating and dropped their price target for the stock from GBX 120 ($1.68) to GBX 85 ($1.19) in a research note on Wednesday, January 3rd. Peel Hunt restated a “reduce” rating and issued a GBX 86 ($1.21) price target (down from GBX 96 ($1.35)) on shares of Serco in a research note on Tuesday, January 23rd. Numis Securities restated a “hold” rating and issued a GBX 110 ($1.54) price target on shares of Serco in a research note on Thursday, December 14th. Finally, JPMorgan Chase restated a “neutral” rating and issued a GBX 142 ($1.99) price target on shares of Serco in a research note on Friday, February 23rd. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of GBX 111.10 ($1.56).

SRP stock opened at GBX 93.95 ($1.32) on Thursday. Serco has a 1 year low of GBX 82.25 ($1.15) and a 1 year high of GBX 123.60 ($1.73).

In related news, insider Roy A. Gardner bought 25,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were bought at an average cost of GBX 93 ($1.31) per share, for a total transaction of £23,250 ($32,636.16). Also, insider Kirsty Bashforth bought 10,000 shares of the stock in a transaction that occurred on Monday, March 5th. The shares were bought at an average price of GBX 89 ($1.25) per share, for a total transaction of £8,900 ($12,492.98).

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About Serco

Serco Group Plc provides public services in the Asia Pacific, the Middle East, Europe, the United Kingdom, and North America. It provides defense, health, justice and immigration, transport, and citizen services. The company also offers non-clinical support services to hospitals; environmental and leisure services, as well as a range of front, middle, and back-office services to local authorities; and IT services to European institutions.

Analyst Recommendations for Serco (LON:SRP)

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