Shore Capital Reiterates “Hold” Rating for Serco Group plc (SRP)

Serco Group plc (LON:SRP)‘s stock had its “hold” rating reiterated by equities researchers at Shore Capital in a research note issued to investors on Friday.

Several other research analysts also recently commented on the company. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 150 ($1.90) price target on shares of Serco Group plc in a research report on Friday, March 31st. J P Morgan Chase & Co lifted their price target on Serco Group plc from GBX 140 ($1.77) to GBX 144 ($1.82) and gave the stock a “neutral” rating in a research report on Thursday, February 23rd. Credit Suisse Group lifted their price target on Serco Group plc from GBX 110 ($1.39) to GBX 120 ($1.52) and gave the stock a “neutral” rating in a research report on Wednesday, May 10th. Deutsche Bank AG dropped their price target on Serco Group plc from GBX 145 ($1.83) to GBX 135 ($1.71) and set a “hold” rating on the stock in a research report on Thursday, March 16th. Finally, HSBC Holdings plc reaffirmed a “hold” rating and issued a GBX 130 ($1.64) price target on shares of Serco Group plc in a research report on Friday, February 24th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of GBX 140.08 ($1.77).

Analyst Recommendations for Serco Group plc (LON:SRP)

Serco Group plc (SRP) opened at 118.10 on Friday. Serco Group plc has a 12-month low of GBX 94.95 and a 12-month high of GBX 151.10. The firm has a 50-day moving average price of GBX 118.37 and a 200-day moving average price of GBX 128.45. The stock’s market cap is GBX 1.29 billion.

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In other news, insider Angus Cockburn acquired 12,217 shares of the firm’s stock in a transaction dated Tuesday, April 18th. The shares were bought at an average price of GBX 112 ($1.42) per share, with a total value of £13,683.04 ($17,309.35).

About Serco Group plc

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