Serco Group plc (LON:SRP) Given Average Recommendation of “Buy” by Brokerages

Shares of Serco Group plc (LON:SRP) have been assigned an average rating of “Buy” from the eleven analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is GBX 138.56 ($1.81).

Several research firms recently issued reports on SRP. Shore Capital reiterated a “buy” rating on shares of Serco Group in a report on Thursday, May 23rd. Peel Hunt increased their target price on Serco Group from GBX 114 ($1.49) to GBX 129 ($1.69) and gave the company a “hold” rating in a research note on Friday, May 3rd. Liberum Capital reaffirmed a “hold” rating on shares of Serco Group in a research report on Tuesday, April 2nd. Royal Bank of Canada upgraded Serco Group to an “outperform” rating and increased their price objective for the stock from GBX 140 ($1.83) to GBX 150 ($1.96) in a report on Wednesday, May 29th. Finally, UBS Group increased their price objective on Serco Group from GBX 135 ($1.76) to GBX 140 ($1.83) and gave the stock a “buy” rating in a report on Friday, February 22nd.

LON:SRP traded up GBX 0.30 ($0.00) during trading hours on Friday, reaching GBX 133.80 ($1.75). The company had a trading volume of 1,030,061 shares, compared to its average volume of 3,690,000. Serco Group has a one year low of GBX 83.60 ($1.09) and a one year high of GBX 138.30 ($1.81). The stock has a market capitalization of $1.63 billion and a price-to-earnings ratio of 22.30. The company has a debt-to-equity ratio of 65.75, a current ratio of 0.96 and a quick ratio of 0.83.

In other Serco Group news, insider David Eveleigh sold 18,629 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of GBX 125 ($1.63), for a total value of £23,286.25 ($30,427.61).

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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Analyst Recommendations for Serco Group (LON:SRP)

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