Serco Group’s (SRP) “Hold” Rating Reiterated at Liberum Capital

Serco Group (LON:SRP)‘s stock had its “hold” rating reaffirmed by stock analysts at Liberum Capital in a research report issued to clients and investors on Tuesday, April 2nd, ThisIsMoney.Co.Uk reports.

A number of other research firms also recently commented on SRP. UBS Group reiterated a “buy” rating on shares of Serco Group in a report on Wednesday, January 9th. Peel Hunt reiterated a “hold” rating on shares of Serco Group in a report on Tuesday, January 15th. JPMorgan Chase & Co. upped their price objective on Serco Group from GBX 115 ($1.50) to GBX 120 ($1.57) and gave the company a “neutral” rating in a report on Tuesday, February 5th. Royal Bank of Canada upped their price objective on Serco Group from GBX 95 ($1.24) to GBX 140 ($1.83) and gave the company a “sector performer” rating in a report on Tuesday, March 5th. Finally, Shore Capital restated a “buy” rating on shares of Serco Group in a report on Friday, March 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 124 ($1.62).

Serco Group stock traded down GBX 1.30 ($0.02) on Tuesday, reaching GBX 122.90 ($1.61). The company’s stock had a trading volume of 1,029,059 shares, compared to its average volume of 3,690,000. The company has a debt-to-equity ratio of 65.75, a quick ratio of 0.83 and a current ratio of 0.96. The firm has a market cap of $1.36 billion and a P/E ratio of 20.48. Serco Group has a twelve month low of GBX 83.60 ($1.09) and a twelve month high of GBX 138.30 ($1.81).

In other news, insider Roy A. Gardner acquired 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 26th. The stock was acquired at an average cost of GBX 129 ($1.69) per share, for a total transaction of £64,500 ($84,280.67).

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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