Serco Group plc (LON:SRP)‘s stock had its “neutral” rating reiterated by analysts at JPMorgan Chase & Co. in a report issued on Friday. They presently have a GBX 133 ($1.74) target price on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential downside of 0.52% from the company’s previous close.
Other equities research analysts also recently issued research reports about the company. Deutsche Bank AG raised their target price on Serco Group plc from GBX 125 ($1.63) to GBX 130 ($1.70) and gave the company a “hold” rating in a report on Tuesday, September 13th. Jefferies Group reaffirmed a “buy” rating and issued a GBX 157 ($2.05) target price on shares of Serco Group plc in a report on Friday, August 5th. BNP Paribas reaffirmed an “outperform” rating and issued a GBX 150 ($1.96) target price on shares of Serco Group plc in a report on Wednesday, August 10th. Peel Hunt raised their target price on Serco Group plc from GBX 80 ($1.04) to GBX 120 ($1.57) and gave the company a “hold” rating in a report on Friday, September 2nd. Finally, Citigroup Inc. reaffirmed a “neutral” rating and issued a GBX 130 ($1.70) target price on shares of Serco Group plc in a report on Wednesday, August 31st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of GBX 117.85 ($1.54).
Shares of Serco Group plc (LON:SRP) opened at 133.67 on Friday. The company has a 50-day moving average price of GBX 130.25 and a 200-day moving average price of GBX 110.90. The company’s market cap is GBX 1.46 billion. Serco Group plc has a 12-month low of GBX 75.93 and a 12-month high of GBX 138.00.
In other news, insider Cockburn,Angus sold 11,071 shares of Serco Group plc stock in a transaction dated Monday, August 15th. The stock was sold at an average price of GBX 130 ($1.70), for a total value of £14,392.30 ($18,786.45).
About Serco Group plc
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