Shares of Serco Group plc (LON:SRP) have been assigned an average rating of “Hold” from the eleven ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is GBX 128.71 ($1.68).
Several research analysts recently issued reports on SRP shares. Jefferies Financial Group reissued a “buy” rating and set a GBX 123 ($1.61) target price on shares of Serco Group in a research note on Thursday, February 21st. Shore Capital reissued a “buy” rating on shares of Serco Group in a research note on Thursday, February 21st. UBS Group increased their target price on shares of Serco Group from GBX 135 ($1.76) to GBX 140 ($1.83) and gave the stock a “buy” rating in a research note on Friday, February 22nd. Liberum Capital reissued a “hold” rating on shares of Serco Group in a research note on Tuesday, April 2nd. Finally, Peel Hunt reissued a “hold” rating on shares of Serco Group in a research note on Monday, March 18th.
In other Serco Group news, insider David Eveleigh sold 18,629 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of GBX 125 ($1.63), for a total value of £23,286.25 ($30,427.61). Also, insider Roy A. Gardner acquired 50,000 shares of the company’s stock in a transaction on Tuesday, February 26th. The stock was acquired at an average cost of GBX 129 ($1.69) per share, for a total transaction of £64,500 ($84,280.67).
LON SRP traded down GBX 0.20 ($0.00) on Monday, hitting GBX 125.80 ($1.64). 1,451,908 shares of the company were exchanged, compared to its average volume of 3,690,000. The firm has a market cap of $1.39 billion and a PE ratio of 20.97. Serco Group has a 12 month low of GBX 83.60 ($1.09) and a 12 month high of GBX 138.30 ($1.81). The company has a quick ratio of 0.83, a current ratio of 0.96 and a debt-to-equity ratio of 65.75.
About Serco Group
Serco Group plc provides public services in the United Kingdom, Europe, North America, the Asia Pacific, and the Middle East. The company offers base and operational support engineering, and management and information, as well as nuclear, space, and maritime services for the defense sector; and custodial, immigration detention, and detainee transport and monitoring services for the justice and immigration sectors.
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