Serco Group (LON:SRP) had its price objective increased by JPMorgan Chase & Co. from GBX 115 ($1.50) to GBX 120 ($1.57) in a research note published on Tuesday, February 5th. JPMorgan Chase & Co. currently has a neutral rating on the stock.
A number of other research firms have also recently weighed in on SRP. Royal Bank of Canada reaffirmed a sector performer rating on shares of Serco Group in a research note on Thursday, January 10th. UBS Group reaffirmed a buy rating on shares of Serco Group in a research note on Wednesday, January 9th. Shore Capital raised shares of Serco Group to a buy rating in a research note on Wednesday, January 9th. Peel Hunt reaffirmed a hold rating on shares of Serco Group in a research note on Wednesday, January 9th. Finally, Liberum Capital reaffirmed a hold rating on shares of Serco Group in a research note on Tuesday, January 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of GBX 116.18 ($1.52).
LON:SRP traded up GBX 2.70 ($0.04) during mid-day trading on Tuesday, reaching GBX 132 ($1.72). The stock had a trading volume of 2,879,199 shares, compared to its average volume of 3,690,000. Serco Group has a 12 month low of GBX 82.25 ($1.07) and a 12 month high of GBX 123.60 ($1.62).
In other Serco Group news, insider Roy A. Gardner purchased 50,000 shares of the business’s stock in a transaction dated Tuesday, February 26th. The shares were bought at an average price of GBX 129 ($1.69) per share, for a total transaction of £64,500 ($84,280.67).
Serco Group Company Profile
Serco Group plc provides public services in the Asia Pacific, the Middle East, Europe, the United Kingdom, and North America. It provides defense, health, justice and immigration, transport, and citizen services. The company also offers non-clinical support services to hospitals; environmental and leisure services, as well as a range of front, middle, and back-office services to public sector customers; and IT services.
Read More: Limitations of the P/E Growth ratio
Receive News & Ratings for Serco Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Serco Group and related companies with MarketBeat.com's FREE daily email newsletter.