Jefferies Financial Group Issues Positive Forecast for Serco Group (LON:SRP) Stock Price

Serco Group (LON:SRPFree Report) had its price target increased by Jefferies Financial Group from GBX 175 to GBX 230 in a report released on Thursday, Marketbeat.com reports. They currently have a hold rating on the stock.

Other research analysts also recently issued reports about the company. Citigroup cut their price objective on Serco Group from GBX 281 to GBX 273 and set a “buy” rating for the company in a research report on Friday, August 29th. Deutsche Bank Aktiengesellschaft boosted their price target on Serco Group from GBX 210 to GBX 215 and gave the stock a “hold” rating in a report on Friday, August 8th. Shore Capital reaffirmed a “hold” rating on shares of Serco Group in a research note on Thursday, August 7th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 270 price objective on shares of Serco Group in a research report on Tuesday, September 2nd. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Serco Group currently has a consensus rating of “Hold” and an average price target of GBX 247.

Check Out Our Latest Analysis on Serco Group

Serco Group Stock Up 1.5%

Shares of LON:SRP opened at GBX 223.19 on Thursday. Serco Group has a fifty-two week low of GBX 136.20 and a fifty-two week high of GBX 232.62. The company has a quick ratio of 0.98, a current ratio of 0.91 and a debt-to-equity ratio of 62.40. The firm’s 50-day simple moving average is GBX 216.85 and its 200-day simple moving average is GBX 189.16. The company has a market cap of £2.25 billion, a price-to-earnings ratio of 4,446.10, a PEG ratio of 3.06 and a beta of 0.38.

Serco Group (LON:SRPGet Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported GBX 9.74 earnings per share (EPS) for the quarter. Serco Group had a net margin of 2.87% and a return on equity of 13.70%. As a group, equities research analysts predict that Serco Group will post 17.552759 earnings per share for the current year.

Insider Buying and Selling

In related news, insider John Rishton acquired 43,086 shares of the business’s stock in a transaction dated Tuesday, August 26th. The shares were acquired at an average cost of GBX 225 per share, for a total transaction of £96,943.50. 0.99% of the stock is owned by company insiders.

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