Serco (LON:SRP) has been assigned a consensus recommendation of “Hold” from the eleven brokerages that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is GBX 111.10 ($1.56).
A number of equities research analysts have recently weighed in on the stock. 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 shares of Serco to an “underperform” rating and reduced their price target for the company 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.
In other Serco news, insider Roy A. Gardner bought 25,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were acquired 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 business’s stock in a transaction that occurred on Monday, March 5th. The shares were acquired at an average price of GBX 89 ($1.25) per share, for a total transaction of £8,900 ($12,492.98).
SRP opened at GBX 93.95 ($1.32) on Friday. Serco has a 1-year low of GBX 82.25 ($1.15) and a 1-year high of GBX 123.60 ($1.73).
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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.
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