Serco Group plc (LON:SRP) Given Average Recommendation of “Buy” by Analysts

Serco Group plc (LON:SRPGet Rating) has been assigned an average recommendation of “Buy” from the nine ratings firms that are covering the firm, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is GBX 197.13 ($2.33).

Several analysts have commented on SRP shares. Shore Capital reiterated a “buy” rating on shares of Serco Group in a research report on Monday, September 12th. Citigroup reiterated a “buy” rating and issued a GBX 255 ($3.02) target price on shares of Serco Group in a research note on Friday, August 5th. Royal Bank of Canada raised their price objective on shares of Serco Group from GBX 205 ($2.42) to GBX 210 ($2.48) and gave the stock an “outperform” rating in a research report on Friday, August 5th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 215 ($2.54) target price on shares of Serco Group in a report on Monday, September 12th. Finally, Barclays reissued an “overweight” rating and issued a GBX 200 ($2.36) price objective on shares of Serco Group in a research note on Friday, August 5th.

Insider Buying and Selling

In other news, insider Rupert Soames sold 1,885,000 shares of the stock in a transaction on Monday, November 7th. The shares were sold at an average price of GBX 162 ($1.92), for a total value of £3,053,700 ($3,610,854.91).

Serco Group Stock Up 1.2 %

Shares of SRP opened at GBX 170 ($2.01) on Friday. The company has a market capitalization of £2.00 billion and a P/E ratio of 1,307.69. The company has a debt-to-equity ratio of 72.84, a current ratio of 1.01 and a quick ratio of 0.98. Serco Group has a one year low of GBX 118.90 ($1.41) and a one year high of GBX 199 ($2.35). The business’s 50 day simple moving average is GBX 161.57 and its 200-day simple moving average is GBX 169.19.

Serco Group Company Profile

(Get Rating)

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.

Recommended Stories

Analyst Recommendations for Serco Group (LON:SRP)

Receive News & Ratings for Serco Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Serco Group and related companies with MarketBeat.com's FREE daily email newsletter.