Serco Group (LON:SRP) Stock Price Expected to Rise, Berenberg Bank Analyst Says

Serco Group (LON:SRP) had its price target hoisted by research analysts at Berenberg Bank from GBX 270 to GBX 300 in a research note issued to investors on Wednesday, MarketBeat reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target indicates a potential upside of 17.83% from the stock’s current price.

Several other equities analysts have also weighed in on the company. Shore Capital reissued a “hold” rating on shares of Serco Group in a research note on Thursday, August 7th. Deutsche Bank Aktiengesellschaft increased their target price on Serco Group from GBX 210 to GBX 215 and gave the company a “hold” rating in a research note on Friday, August 8th. Citigroup cut their target price on Serco Group from GBX 281 to GBX 273 and set a “buy” rating on the stock in a research note on Friday, August 29th. Finally, Jefferies Financial Group increased their target price on Serco Group from GBX 175 to GBX 230 and gave the company a “hold” rating in a research note on Thursday, September 11th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of GBX 254.50.

Serco Group Trading Down 0.5%

LON:SRP opened at GBX 254.60 on Wednesday. Serco Group has a 1-year low of GBX 136.20 and a 1-year high of GBX 257.60. The business’s 50-day moving average price is GBX 233.08 and its two-hundred day moving average price is GBX 208.25. The company has a current ratio of 0.91, a quick ratio of 0.98 and a debt-to-equity ratio of 62.40. The firm has a market capitalization of £2.55 billion, a price-to-earnings ratio of 50.72, a PEG ratio of 3.06 and a beta of 0.38.

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

Insider Activity

In other news, insider John Rishton acquired 43,086 shares of the firm’s stock in a transaction that occurred on Tuesday, August 26th. The stock was acquired at an average cost of GBX 225 per share, for a total transaction of £96,943.50. Insiders own 1.00% of the company’s stock.

About Serco Group