Serco Group (SRP) Raised to “Sector Performer” at Royal Bank of Canada

Serco Group (LON:SRP) was upgraded by equities researchers at Royal Bank of Canada to a “sector performer” rating in a research report issued to clients and investors on Monday, December 10th. The brokerage presently has a GBX 90 ($1.18) price target on the stock. Royal Bank of Canada’s price objective indicates a potential downside of 18.33% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on SRP. Peel Hunt reaffirmed a “reduce” rating on shares of Serco Group in a research report on Friday, September 28th. Liberum Capital reaffirmed a “sell” rating on shares of Serco Group in a research report on Friday, September 28th. Barclays decreased their target price on Serco Group from GBX 125 ($1.63) to GBX 120 ($1.57) and set an “overweight” rating for the company in a research report on Tuesday, October 9th. Shore Capital reaffirmed a “hold” rating on shares of Serco Group in a research report on Friday, September 28th. Finally, Citigroup raised Serco Group to a “neutral” rating and upped their target price for the stock from GBX 87 ($1.14) to GBX 95 ($1.24) in a research report on Tuesday, October 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 108.36 ($1.42).

Shares of Serco Group stock opened at GBX 110.20 ($1.44) on Monday. Serco Group has a 12-month low of GBX 82.25 ($1.07) and a 12-month high of GBX 123.60 ($1.62).

In other news, insider Rupert Soames sold 399,661 shares of the stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of GBX 96 ($1.25), for a total value of £383,674.56 ($501,338.77).

About Serco Group

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 public sector customers; and IT services.

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Analyst Recommendations for Serco Group (LON:SRP)

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