Analysis: Serco Group PLC (LON:SRP) Price Target Upgraded Today
In a very recent research note issued by Numis on Tuesday, 15 December, the firm, Serco Group PLC (LON:SRP), had their PT cut to GBX 85.00. Analusts currently have a solid Reduce rating on the stock.
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 123.15 with a 22.42% above today’s (GBX 96.16) stock price. Serco Group PLC was the topic of 35 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 8 with “Hold” rating. Jefferies maintained shares with “Buy” rating and GBX 157 target share price in a report from a December 1. Shore Capital maintained SRP stock in a recent report from December 7 with “Hold” rating. RBC Capital Markets maintained the rating on November 9. RBC Capital Markets has a “Sector Perform” rating and a GBX 95 price target on shares. Finally, Peel Hunt maintained the stock with “Hold” rating in a report issued on a December 7.
Approximately 713,839 shares of stock traded hands. Serco Group plc (LON:SRP) has declined 29.21% since May 18, 2015 and is downtrending. It has underperformed by 25.53% the S&P500.
Serco Group plc is a United Kingdom well-known provider of public services. The company has a market cap of 1.06 billion GBP.