Serco Group (SRP) Earns “Buy” Rating from Shore Capital

Serco Group (LON:SRP)‘s stock had its “buy” rating reiterated by equities researchers at Shore Capital in a research report issued on Thursday, ThisIsMoney.Co.Uk reports.

Several other equities research analysts have also recently commented on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Serco Group in a research report on Wednesday, May 15th. Peel Hunt reaffirmed a “hold” rating on shares of Serco Group in a research report on Wednesday, May 15th. UBS Group raised their target price on shares of Serco Group from GBX 135 ($1.76) to GBX 140 ($1.83) and gave the stock a “buy” rating in a research report on Friday, February 22nd. Liberum Capital reaffirmed a “hold” rating and issued a GBX 105 ($1.37) target price on shares of Serco Group in a research report on Thursday, February 21st. Finally, Jefferies Financial Group raised their target price on shares of Serco Group from GBX 123 ($1.61) to GBX 160 ($2.09) and gave the stock a “buy” rating in a research report on Tuesday, April 9th. One equities research 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’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 125.50 ($1.64).

Shares of SRP opened at GBX 131.60 ($1.72) on Thursday. The firm has a market cap of $1.46 billion and a price-to-earnings ratio of 21.93. The company has a debt-to-equity ratio of 65.75, a current ratio of 0.96 and a quick ratio of 0.83. 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 Serco Group news, insider Roy A. Gardner purchased 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 26th. The stock was bought at an average cost of GBX 129 ($1.69) per share, for a total transaction of £64,500 ($84,280.67). Also, insider David Eveleigh sold 18,629 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of GBX 125 ($1.63), for a total transaction of £23,286.25 ($30,427.61).

Serco Group Company Profile

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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