Today Morgan Stanley Reconfirms a “Equalwt/In-Line” Rating on Serco Group (LON:SRP) and a GBX 125 Target Price

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Serco Group (LON:SRP) Rating Reaffirmed

In a recent report disseminated on 7 December, The “Equalwt/In-Line” rating of Serco Group (LON:SRP) shares was has decided to reaffirm by Analysts at Morgan Stanley, who now has a GBX 125 TP on the stock. Morgan Stanley’s TP gives a possible upside of 18.60% from the previous stock close of the company.

From a total of 16 analysts covering Serco Group PLC (LON:SRP) stock, 2 rate it a ”Buy”, 3 a “Sell”, and 13 a ”Hold”. This means that 11% of the ratings are positive. The highest target price is GBX 234.85 while the lowest target price is GBX 77. The mean of all analyst targets is GBX 125.65 with a 11.92% above today’s (GBX 106.4) stock price. Serco Group PLC was the topic of 30 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. Jefferies maintained shares on December 1 with “Buy” rating. Peel Hunt maintained shares with “Hold” rating and GBX 108 target share price in a report from a November 9. Deutsche Bank maintained SRP stock in a recent report from November 16 with “Hold” rating. Liberum Capital maintained the rating on November 9. Liberum Capital has a “Hold” rating and a GBX 135 price target on shares. Finally, RBC Capital Markets maintained the stock with “Sector Perform” rating in a report issued on a November 9.

Approximately 5.91M shares of stock traded hands or 37.76% up from the average. Serco Group plc (LON:SRP) has declined 16.63% since May 8, 2015 and is downtrending. It has underperformed by 15.55% the S&P500.

Today Morgan Stanley Reconfirms a

Serco Group plc is a United Kingdom well-known provider of public services. The company has a market cap of 1.17 billion GBP.

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