Peel Hunt Reaffirms “Hold” Rating for Serco Group (LON:SRP)

Peel Hunt reaffirmed their hold rating on shares of Serco Group (LON:SRP) in a research report released on Monday morning, ThisIsMoney.Co.Uk reports.

A number of other equities analysts have also recently commented on SRP. Barclays lifted their price objective on shares of Serco Group from GBX 155 ($2.04) to GBX 170 ($2.24) and gave the stock an overweight rating in a research report on Monday, December 16th. Royal Bank of Canada lifted their price objective on shares of Serco Group from GBX 165 ($2.17) to GBX 180 ($2.37) and gave the stock an outperform rating in a research report on Friday, January 10th. Jefferies Financial Group lifted their price objective on shares of Serco Group from GBX 170 ($2.24) to GBX 185 ($2.43) and gave the stock a buy rating in a research report on Monday, January 6th. JPMorgan Chase & Co. raised shares of Serco Group to an overweight rating and lifted their price objective for the stock from GBX 145 ($1.91) to GBX 170 ($2.24) in a research report on Tuesday, December 3rd. Finally, Shore Capital reaffirmed a buy rating on shares of Serco Group in a research report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Serco Group presently has a consensus rating of Buy and an average target price of GBX 168 ($2.21).

SRP stock opened at GBX 157.80 ($2.08) on Monday. The company has a debt-to-equity ratio of 72.42, a current ratio of 1.07 and a quick ratio of 1.03. The company has a fifty day moving average price of GBX 161.51 and a two-hundred day moving average price of GBX 154.19. Serco Group has a one year low of GBX 119.80 ($1.58) and a one year high of GBX 169 ($2.22). The stock has a market cap of $1.93 billion and a price-to-earnings ratio of 35.07.

The firm also recently announced a dividend, which will be paid on Friday, June 5th. Stockholders of record on Thursday, May 14th will be given a GBX 1 ($0.01) dividend. The ex-dividend date is Thursday, May 14th. This represents a dividend yield of 0.63%.

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.

Further Reading: How Do You Calculate Return on Equity (ROE)?

Analyst Recommendations for Serco Group (LON:SRP)

Receive News & Ratings for Serco Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Serco Group and related companies with MarketBeat.com's FREE daily email newsletter.