Shares of Serco Group plc (LON:SRP) have received an average rating of “Buy” from the eleven research firms that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is GBX 153.56 ($2.01).
A number of equities research analysts have recently issued reports on SRP shares. Shore Capital reissued a “buy” rating on shares of Serco Group in a research report on Tuesday, October 1st. JPMorgan Chase & Co. upgraded shares of Serco Group to an “overweight” rating and increased their price target for the stock from GBX 145 ($1.89) to GBX 170 ($2.22) in a report on Tuesday. Peel Hunt reissued an “add” rating and set a GBX 146 ($1.91) price target on shares of Serco Group in a research report on Tuesday, October 1st. Liberum Capital restated a “buy” rating and set a GBX 170 ($2.22) price objective on shares of Serco Group in a research note on Thursday, October 31st. Finally, Peel Hunt reaffirmed an “add” rating and issued a GBX 146 ($1.91) price objective on shares of Serco Group in a report on Tuesday, October 1st.
Shares of SRP stock traded down GBX 2.70 ($0.04) during trading hours on Friday, reaching GBX 146.80 ($1.92). The company’s stock had a trading volume of 12,032,355 shares, compared to its average volume of 3,690,000. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 72.42. Serco Group has a one year low of GBX 83.60 ($1.09) and a one year high of GBX 161.10 ($2.11). The stock has a market capitalization of $1.80 billion and a P/E ratio of 32.62. The firm’s fifty day simple moving average is GBX 155.12 and its 200 day simple moving average is GBX 144.54.
In other news, insider David Eveleigh sold 37,000 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of GBX 150 ($1.96), for a total value of £55,500 ($72,520.58).
Serco Group Company Profile
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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