Serco (LON:SRP)‘s stock had its “reduce” rating reissued by research analysts at Peel Hunt in a research report issued to clients and investors on Thursday. They currently have a GBX 86 ($1.20) target price on the stock. Peel Hunt’s price objective indicates a potential downside of 10.88% from the stock’s previous close.
Several other research analysts have also recently issued reports on the company. Shore Capital reiterated a “hold” rating on shares of Serco in a research report on Thursday, February 22nd. JPMorgan Chase reiterated a “neutral” rating and issued a GBX 142 ($1.98) price objective on shares of Serco in a research report on Friday, February 23rd. BNP Paribas cut their price objective on Serco from GBX 175 ($2.44) to GBX 125 ($1.74) and set an “outperform” rating for the company in a research report on Thursday, April 5th. Barclays reiterated an “overweight” rating and issued a GBX 125 ($1.74) price objective on shares of Serco in a research report on Friday, February 23rd. Finally, Liberum Capital reiterated a “sell” rating and issued a GBX 80 ($1.12) price objective on shares of Serco in a research report on Tuesday, March 6th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 111.10 ($1.55).
Serco stock opened at GBX 96.50 ($1.35) on Thursday. Serco has a 12 month low of GBX 82.25 ($1.15) and a 12 month high of GBX 123.60 ($1.72).
In other news, insider Kirsty Bashforth purchased 10,000 shares of the company’s stock in a transaction dated Monday, March 5th. The stock was acquired at an average price of GBX 89 ($1.24) per share, for a total transaction of £8,900 ($12,412.83). Also, insider Roy A. Gardner purchased 25,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was purchased at an average price of GBX 93 ($1.30) per share, with a total value of £23,250 ($32,426.78).
Serco Company Profile
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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