Citigroup Lowers Serco Group (LON:SRP) Price Target to GBX 273

Serco Group (LON:SRP) had its price objective lowered by equities research analysts at Citigroup from GBX 281 ($3.79) to GBX 273 ($3.69) in a report issued on Monday, Marketbeat reports. The firm currently has a “buy” rating on the stock. Citigroup’s price objective suggests a potential upside of 22.59% from the stock’s previous close.

SRP has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of Serco Group from GBX 210 ($2.84) to GBX 215 ($2.90) and gave the stock a “hold” rating in a report on Friday, August 8th. Berenberg Bank increased their price objective on shares of Serco Group from GBX 220 ($2.97) to GBX 270 ($3.65) and gave the company a “buy” rating in a report on Thursday, August 7th. Finally, Shore Capital reissued a “hold” rating on shares of Serco Group in a report on Thursday, August 7th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 252.67 ($3.41).

Serco Group Trading Up 0.0%

Shares of Serco Group stock opened at GBX 222.69 ($3.01) on Monday. The company has a market capitalization of £2.26 billion, a P/E ratio of 17.35, a P/E/G ratio of 3.06 and a beta of 0.38. The company has a debt-to-equity ratio of 62.40, a quick ratio of 0.98 and a current ratio of 0.91. The company has a fifty day moving average of GBX 205.03 and a 200 day moving average of GBX 179.22. Serco Group has a fifty-two week low of GBX 136.20 ($1.84) and a fifty-two week high of GBX 228.60 ($3.09).

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

About Serco Group