Serco Group (LON:SRP) Given Buy Rating at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Serco Group (LON:SRP) in a report issued on Friday morning, Marketbeat Ratings reports. Berenberg Bank currently has a GBX 350 target price on the stock.

Several other equities analysts have also recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 255 price target on shares of Serco Group in a report on Friday, June 26th. Citigroup lifted their price objective on Serco Group from GBX 371 to GBX 372 and gave the stock a “buy” rating in a report on Friday. Finally, Jefferies Financial Group reiterated a “hold” rating and set a GBX 230 price objective on shares of Serco Group in a research report on Thursday, June 25th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 301.75.

Serco Group Stock Performance

Shares of SRP stock opened at GBX 265.80 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.93 and a debt-to-equity ratio of 104.09. The company has a 50 day moving average price of GBX 239.38 and a 200-day moving average price of GBX 274.96. Serco Group has a 52 week low of GBX 212.80 and a 52 week high of GBX 325.80. The firm has a market capitalization of £2.60 billion, a PE ratio of 18.89, a P/E/G ratio of 3.06 and a beta of 0.50.

Serco Group (LON:SRP) last issued its quarterly earnings data on Thursday, August 6th. The company reported GBX 9.69 earnings per share for the quarter. Serco Group had a net margin of 2.97% and a return on equity of 16.69%. As a group, equities research analysts expect that Serco Group will post 17.552759 earnings per share for the current year.

Serco Group Company Profile