Serco Group plc’s (SRP) Neutral Rating Reaffirmed at JPMorgan Chase & Co.
Serco Group plc (LON:SRP)‘s stock had its “neutral” rating restated by stock analysts at JPMorgan Chase & Co. in a research note issued to investors on Friday. They presently have a GBX 133 ($1.74) price objective on the stock. JPMorgan Chase & Co.’s price objective suggests a potential downside of 1.63% from the company’s previous close.
Several other equities analysts also recently commented on SRP. BNP Paribas upped their price target on shares of Serco Group plc from GBX 145 ($1.89) to GBX 150 ($1.96) and gave the company an “outperform” rating in a research note on Friday, May 27th. Credit Suisse Group AG upped their price target on shares of Serco Group plc from GBX 100 ($1.31) to GBX 110 ($1.44) and gave the company a “neutral” rating in a research note on Wednesday, July 6th. Numis Securities Ltd restated a “reduce” rating and issued a GBX 85 ($1.11) price target on shares of Serco Group plc in a research note on Wednesday, July 6th. Deutsche Bank AG upped their price target on shares of Serco Group plc from GBX 95 ($1.24) to GBX 125 ($1.63) and gave the company a “hold” rating in a research note on Monday, August 1st. Finally, Peel Hunt restated a “hold” rating and issued a GBX 80 ($1.04) price target on shares of Serco Group plc in a research note on Wednesday, August 3rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. Serco Group plc currently has a consensus rating of “Hold” and a consensus target price of GBX 117.85 ($1.54).
Shares of Serco Group plc (LON:SRP) opened at 135.20 on Friday. The stock’s 50 day moving average is GBX 130.77 and its 200 day moving average is GBX 110.95. Serco Group plc has a 12 month low of GBX 75.93 and a 12 month high of GBX 138.00. The firm’s market cap is GBX 1.47 billion.
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In related news, insider Cockburn,Angus sold 11,071 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of GBX 130 ($1.70), for a total value of £14,392.30 ($18,786.45).
About Serco Group plc
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