Serco Group plc (SRP) Receives GBX 127.63 Average PT from Analysts

Shares of Serco Group plc (LON:SRP) have received an average rating of “Hold” from the eleven brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is GBX 127.63 ($1.67).

Several equities research analysts have weighed in on SRP shares. UBS Group reissued a “buy” rating on shares of Serco Group in a report on Wednesday, January 9th. Peel Hunt reissued a “hold” rating on shares of Serco Group in a report on Tuesday, January 15th. JPMorgan Chase & Co. raised their price target on Serco Group from GBX 115 ($1.50) to GBX 120 ($1.57) and gave the stock a “neutral” rating in a report on Tuesday, February 5th. Royal Bank of Canada raised their price target on Serco Group from GBX 95 ($1.24) to GBX 140 ($1.83) and gave the stock a “sector performer” rating in a report on Tuesday, March 5th. Finally, Shore Capital reissued a “buy” rating on shares of Serco Group in a report on Friday, March 8th.

In other news, insider Roy A. Gardner acquired 50,000 shares of Serco Group stock in a transaction dated Tuesday, February 26th. The stock was purchased at an average cost of GBX 129 ($1.69) per share, for a total transaction of £64,500 ($84,280.67).

Shares of SRP stock opened at GBX 123.80 ($1.62) on Thursday. Serco Group has a 1-year low of GBX 83.60 ($1.09) and a 1-year high of GBX 138.30 ($1.81). The stock has a market cap of $1.37 billion and a P/E ratio of 20.63. The company has a debt-to-equity ratio of 65.75, a quick ratio of 0.83 and a current ratio of 0.96.

Serco Group Company Profile

Serco Group plc provides public services in the Asia Pacific, the Middle East, Europe, the United Kingdom, and North America. It provides defense, health, justice and immigration, transport, and citizen services. The company also offers non-clinical support services to hospitals; environmental and leisure services, as well as a range of front, middle, and back-office services to public sector customers; and IT services.

Further Reading: Differences Between Momentum Investing and Long Term Investing

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.