Serco Group’s (SRP) Add Rating Reaffirmed at Peel Hunt
Peel Hunt reaffirmed their add rating on shares of Serco Group (LON:SRP) in a report published on Wednesday, ThisIsMoney.Co.Uk reports.
SRP has been the topic of a number of other reports. JPMorgan Chase & Co. boosted their price target on shares of Serco Group from GBX 130 ($1.70) to GBX 140 ($1.83) and gave the stock a neutral rating in a research report on Friday, June 28th. Numis Securities restated a hold rating and set a GBX 140 ($1.83) price target (up from GBX 110 ($1.44)) on shares of Serco Group in a research report on Friday, May 24th. Royal Bank of Canada boosted their price target on shares of Serco Group from GBX 150 ($1.96) to GBX 165 ($2.16) and gave the stock an outperform rating in a research report on Monday, August 5th. Shore Capital restated a buy rating on shares of Serco Group in a research report on Wednesday. Finally, UBS Group restated a buy rating on shares of Serco Group in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus price target of GBX 145.27 ($1.90).
SRP stock opened at GBX 151.20 ($1.98) on Wednesday. Serco Group has a 52 week low of GBX 83.60 ($1.09) and a 52 week high of GBX 149 ($1.95). The company has a market capitalization of $1.85 billion and a price-to-earnings ratio of 33.60. The firm’s 50-day moving average is GBX 143.30 and its two-hundred day moving average is GBX 134.54. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 72.42.
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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