Published On: Sat, Sep 24th, 2016

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.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/24/serco-group-plcs-srp-neutral-rating-reaffirmed-at-jpmorgan-chase-co.html

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

Receive News & Ratings for Serco Group plc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Serco Group plc and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>