Berenberg Bank Raises Serco Group (LON:SRP) Price Target to GBX 270

Serco Group (LON:SRP) had its price objective boosted by stock analysts at Berenberg Bank from GBX 220 ($2.96) to GBX 270 ($3.63) in a research note issued to investors on Thursday, Marketbeat Ratings reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 23.29% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft increased their target price on Serco Group from GBX 210 ($2.82) to GBX 215 ($2.89) and gave the company a “hold” rating in a research note on Friday. Shore Capital restated a “hold” rating on shares of Serco Group in a research note on Thursday.

Serco Group Price Performance

SRP stock opened at GBX 219 ($2.95) on Thursday. The company has a debt-to-equity ratio of 62.40, a quick ratio of 0.98 and a current ratio of 0.91. Serco Group has a 1 year low of GBX 136.20 ($1.83) and a 1 year high of GBX 228.60 ($3.07). The firm has a market cap of £2.22 billion, a P/E ratio of 17.06, a price-to-earnings-growth ratio of 3.06 and a beta of 0.38. The stock has a 50-day simple moving average of GBX 203.65 and a 200-day simple moving average of GBX 178.03.

Serco Group (LON:SRP) last posted its earnings results on Thursday, August 7th. The company reported GBX 9.74 ($0.13) earnings per share (EPS) for the quarter. Serco Group had a return on equity of 13.70% and a net margin of 2.87%. On average, equities analysts predict that Serco Group will post 17.552759 earnings per share for the current fiscal year.

Serco Group Company Profile