Serco Group (SRP) Price Target Increased to GBX 130 by Analysts at JPMorgan Chase & Co.

Serco Group (LON:SRP) had its price target upped by JPMorgan Chase & Co. from GBX 120 ($1.57) to GBX 130 ($1.70) in a report released on Thursday, ThisIsMoney.Co.Uk reports. The firm currently has a neutral rating on the stock.

A number of other equities research analysts have also recently commented on the stock. Shore Capital reaffirmed a buy rating on shares of Serco Group in a report on Thursday. Peel Hunt reaffirmed a hold rating on shares of Serco Group in a report on Wednesday, May 15th. Jefferies Financial Group upped their target price on shares of Serco Group from GBX 123 ($1.61) to GBX 160 ($2.09) and gave the company a buy rating in a report on Tuesday, April 9th. Liberum Capital reaffirmed a hold rating on shares of Serco Group in a report on Tuesday, April 2nd. Finally, Royal Bank of Canada upped their target price on shares of 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of GBX 134.50 ($1.76).

LON SRP opened at GBX 130 ($1.70) on Thursday. 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 1 year low of GBX 83.60 ($1.09) and a 1 year high of GBX 138.30 ($1.81). The firm has a market capitalization of $1.44 billion and a price-to-earnings ratio of 21.67.

In related news, insider David Eveleigh sold 18,629 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of GBX 125 ($1.63), for a total transaction of £23,286.25 ($30,427.61). Also, insider Roy A. Gardner purchased 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 26th. The shares were purchased at an average cost of GBX 129 ($1.69) per share, with a total value of £64,500 ($84,280.67).

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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