Royal Bank of Canada Reiterates “Outperform” Rating for Serco Group (LON:SRP)
Serco Group (LON:SRP)‘s stock had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada in a research note issued to investors on Monday, Digital Look reports. They presently have a GBX 150 ($1.96) target price on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 9.57% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the stock. Peel Hunt raised their target price on shares of Serco Group from GBX 129 ($1.69) to GBX 146 ($1.91) and gave the stock an “add” rating in a research note on Wednesday, June 12th. Jefferies Financial Group restated a “buy” rating and set a GBX 123 ($1.61) target price on shares of Serco Group in a research note on Thursday, February 21st. Shore Capital restated a “buy” rating on shares of Serco Group in a research note on Thursday, February 21st. UBS Group raised their target price on shares of Serco Group from GBX 135 ($1.76) to GBX 140 ($1.83) and gave the stock a “buy” rating in a research note on Friday, February 22nd. Finally, Liberum Capital upgraded shares of Serco Group to a “buy” rating and raised their target price for the stock from GBX 130 ($1.70) to GBX 150 ($1.96) in a research note on Friday, May 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. Serco Group presently has an average rating of “Buy” and an average target price of GBX 138.70 ($1.81).
LON SRP traded up GBX 0.80 ($0.01) on Monday, reaching GBX 136.90 ($1.79). 4,684,437 shares of the stock were exchanged, compared to its average volume of 3,690,000. Serco Group has a one year low of GBX 83.60 ($1.09) and a one year high of GBX 138.30 ($1.81). The firm has a market cap of $1.66 billion and a price-to-earnings ratio of 22.82. The firm’s 50-day moving average price is GBX 127.62. The company has a debt-to-equity ratio of 65.75, a current ratio of 0.96 and a quick ratio of 0.83.
Serco Group Company Profile
Serco Group plc provides public services in the United Kingdom, Europe, North America, the Asia Pacific, and the Middle East. The company offers base and operational support engineering, and management and information, as well as nuclear, space, and maritime services for the defense sector; and custodial, immigration detention, and detainee transport and monitoring services for the justice and immigration sectors.
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