Analysts Set Serco Group plc (SRP) Price Target at $136.92

Serco Group plc (LON:SRP) has been given an average rating of “Hold” by the fourteen ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is GBX 136.77 ($1.78).

Several research firms have recently weighed in on SRP. J P Morgan Chase & Co lowered their price target on Serco Group plc from GBX 144 ($1.88) to GBX 142 ($1.85) and set a “neutral” rating on the stock in a report on Friday, August 4th. Shore Capital reissued a “hold” rating on shares of Serco Group plc in a report on Thursday, August 3rd. Liberum Capital reaffirmed a “hold” rating and issued a GBX 120 ($1.56) target price on shares of Serco Group plc in a report on Wednesday. Jefferies Group LLC reiterated a “buy” rating and issued a GBX 168 ($2.19) price target on shares of Serco Group plc in a research note on Friday, August 4th. Finally, Credit Suisse Group raised their price objective on Serco Group plc from GBX 110 ($1.43) to GBX 120 ($1.56) and gave the company a “neutral” rating in a research report on Wednesday, May 10th.

In other news, insider Ian El-Mokadem acquired 50,000 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was acquired at an average price of GBX 116 ($1.51) per share, with a total value of £58,000 ($75,530.67). Also, insider Rupert Soames sold 36,308 shares of the firm’s stock in a transaction dated Friday, June 30th. The stock was sold at an average price of GBX 116 ($1.51), for a total transaction of £42,117.28 ($54,847.35).

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Serco Group plc (LON:SRP) traded down 0.47% on Tuesday, hitting GBX 105.60. The company had a trading volume of 1,354,242 shares. The stock’s market capitalization is GBX 1.15 billion. The stock has a 50 day moving average of GBX 113.03 and a 200-day moving average of GBX 120.08. Serco Group plc has a one year low of GBX 104.50 and a one year high of GBX 151.10.

Serco Group plc Company Profile

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