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).
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.
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