Serco Group plc (LON:SRP) Receives Average Rating of “Buy” from Analysts

Serco Group plc (LON:SRPGet Rating) has received an average recommendation of “Buy” from the nine research firms that are presently covering the stock, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a buy rating. The average 1 year target price among brokerages that have covered the stock in the last year is GBX 197.13 ($2.33).

SRP has been the topic of a number of analyst reports. Shore Capital reaffirmed a “buy” rating on shares of Serco Group in a report on Monday, September 12th. Jefferies Financial Group reissued a “buy” rating and set a GBX 215 ($2.54) price target on shares of Serco Group in a research report on Monday, September 12th. Citigroup reissued a “buy” rating and set a GBX 255 ($3.02) price target on shares of Serco Group in a research report on Friday, August 5th. Barclays reaffirmed an “overweight” rating and issued a GBX 200 ($2.36) target price on shares of Serco Group in a research report on Friday, August 5th. Finally, Royal Bank of Canada lifted their price target on shares of Serco Group from GBX 205 ($2.42) to GBX 210 ($2.48) and gave the company an “outperform” rating in a research report on Friday, August 5th.

Serco Group Stock Up 1.2 %

SRP opened at GBX 170 ($2.01) on Friday. The company has a quick ratio of 0.98, a current ratio of 1.01 and a debt-to-equity ratio of 72.84. The stock has a market cap of £2.00 billion and a price-to-earnings ratio of 1,307.69. Serco Group has a twelve month low of GBX 118.90 ($1.41) and a twelve month high of GBX 199 ($2.35). The company’s 50-day moving average price is GBX 161.57 and its two-hundred day moving average price is GBX 169.19.

Insider Activity

In related news, insider Rupert Soames sold 1,885,000 shares of the stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of GBX 162 ($1.92), for a total value of £3,053,700 ($3,610,854.91).

Serco Group Company Profile

(Get Rating)

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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