Shares of Serco Group plc (LON:SRP) have earned a consensus rating of “Buy” from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is GBX 153.56 ($2.01).
SRP has been the topic of several research analyst reports. Peel Hunt reissued an “add” rating and issued a GBX 146 ($1.91) target price on shares of Serco Group in a research report on Tuesday, October 1st. Liberum Capital reaffirmed a “buy” rating and set a GBX 170 ($2.22) price target on shares of Serco Group in a research report on Thursday, October 31st. Shore Capital reaffirmed a “buy” rating on shares of Serco Group in a research note on Tuesday, October 1st. Peel Hunt reaffirmed an “add” rating and set a GBX 146 ($1.91) price target on shares of Serco Group in a research note on Tuesday, October 1st. Finally, JPMorgan Chase & Co. upgraded shares of Serco Group to an “overweight” rating and lifted their price target for the company from GBX 145 ($1.89) to GBX 170 ($2.22) in a report on Tuesday.
In other news, insider David Eveleigh sold 37,000 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of GBX 150 ($1.96), for a total transaction of £55,500 ($72,520.58).
Shares of LON SRP traded down GBX 2.70 ($0.04) on Friday, reaching GBX 146.80 ($1.92). 12,032,355 shares of the company traded hands, compared to its average volume of 3,690,000. Serco Group has a fifty-two week low of GBX 83.60 ($1.09) and a fifty-two week high of GBX 161.10 ($2.11). The company has a 50 day moving average of GBX 155.12 and a 200 day moving average of GBX 144.54. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 72.42. The stock has a market capitalization of $1.80 billion and a PE ratio of 32.62.
Serco Group Company Profile
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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