Serco (SRP) Receives “Reduce” Rating from Peel Hunt
Serco (LON:SRP)‘s stock had its “reduce” rating reaffirmed by research analysts at Peel Hunt in a research note issued to investors on Thursday. They presently have a GBX 86 ($1.20) price objective on the stock. Peel Hunt’s price objective points to a potential downside of 10.88% from the stock’s current price.
A number of other analysts have also commented on SRP. Credit Suisse Group lowered Serco to an “underperform” rating and decreased their price objective for the company from GBX 120 ($1.67) to GBX 85 ($1.19) in a research note on Wednesday, January 3rd. Citigroup reaffirmed a “sell” rating and set a GBX 87 ($1.21) price objective on shares of Serco in a research note on Wednesday, January 10th. Liberum Capital reaffirmed a “sell” rating and set a GBX 100 ($1.39) price objective on shares of Serco in a research note on Monday, January 15th. Shore Capital reaffirmed a “hold” rating on shares of Serco in a research note on Wednesday, February 14th. Finally, JPMorgan Chase reaffirmed a “neutral” rating and set a GBX 142 ($1.98) price objective on shares of Serco in a research note on Friday, February 23rd. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Serco has an average rating of “Hold” and an average price target of GBX 111.10 ($1.55).
SRP opened at GBX 96.50 ($1.35) on Thursday. Serco has a 52 week low of GBX 82.25 ($1.15) and a 52 week high of GBX 123.60 ($1.72).
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 local authorities; and IT services to European institutions.
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