Breaking: Numis Reiterates GBX 85 Price Target On Serco Group (LON:SRP) Shares, Reiterates Their Original “Reduce” Rating

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Serco Group (LON:SRP) Rating Reaffirmed

Recently, In an analyst note issued to clients on Monday, 21 December, Serco Group (LON:SRP) shares have had their “Reduce” Rating has decided to restate by equity research analysts at Numis, who currently has a GBX 85 target price on firm. This target by Numis indicates the possibile downside of -11.64% from the close price.

From a total of 17 analysts covering Serco Group PLC (LON:SRP) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN 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 118.84 with a 19.58% above today’s (GBX 95.75) stock price. Serco Group PLC was the topic of 38 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. Jefferies maintained shares on December 18 with “Buy” rating. Peel Hunt maintained shares with “Hold” rating and GBX 108 target share price in a report from a December 7. Deutsche Bank maintained SRP stock in a recent report from December 8 with “Hold” rating. Morgan Stanley maintained the rating on December 7. Morgan Stanley has a “Equalwt/In-Line” rating and a GBX 125 price target on shares. Finally, Shore Capital maintained the stock with “Hold” rating in a report issued on a December 7.

Approximately 803,738 shares of stock traded hands. Serco Group plc (LON:SRP) has declined 32.00% since May 22, 2015 and is downtrending. It has underperformed by 26.19% the S&P500.

Breaking: Numis Reiterates GBX 85 Price Target On Serco Group (LON:SRP) Shares, Reiterates Their Original

Serco Group plc is a United Kingdom well-known provider of public services. The company has a market cap of 1.05 billion GBP.

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