Serco Group (LON:SRP) Upgraded to “Overweight” by JPMorgan Chase & Co.
JPMorgan Chase & Co. upgraded shares of Serco Group (LON:SRP) to an overweight rating in a research report sent to investors on Tuesday morning, ThisIsMoney.Co.Uk reports. They currently have GBX 170 ($2.22) target price on the stock, up from their prior target price of GBX 145 ($1.89).
Several other research firms have also recently weighed in on SRP. Peel Hunt reiterated an add rating and set a GBX 146 ($1.91) price objective on shares of Serco Group in a report on Tuesday, October 1st. Liberum Capital reissued a buy rating and set a GBX 170 ($2.22) target price on shares of Serco Group in a research note on Thursday, October 31st. Peel Hunt restated an add rating and set a GBX 146 ($1.91) target price on shares of Serco Group in a report on Tuesday, October 1st. Royal Bank of Canada raised their target price on shares of Serco Group from GBX 150 ($1.96) to GBX 165 ($2.16) and gave the stock an outperform rating in a report on Monday, August 5th. Finally, Shore Capital reaffirmed a buy rating on shares of Serco Group in a research note on Tuesday, October 1st. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of GBX 154.20 ($2.01).
Shares of Serco Group stock opened at GBX 150.40 ($1.97) on Tuesday. The company has a market capitalization of $1.83 billion and a P/E ratio of 33.42. The company has a debt-to-equity ratio of 72.42, a current ratio of 1.07 and a quick ratio of 1.03. The business has a 50-day moving average of GBX 155.12 and a two-hundred day moving average of GBX 144.54. Serco Group has a 1 year low of GBX 83.60 ($1.09) and a 1 year high of GBX 161.10 ($2.11).
About Serco Group
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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