Serco Group plc (LON:SRP – Get 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 %
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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