Shares of Serco Group plc (LON:SRP) have been assigned a consensus recommendation of “Buy” from the twelve ratings firms that are covering the company, Marketbeat.com reports. One 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 average 1 year price target among brokerages that have issued a report on the stock in the last year is GBX 140.25 ($1.83).
Several research firms recently issued reports on SRP. Shore Capital reiterated a “buy” rating on shares of Serco Group in a research report on Wednesday, September 11th. UBS Group reiterated a “buy” rating on shares of Serco Group in a research report on Monday, July 29th. Peel Hunt reiterated an “add” rating on shares of Serco Group in a research report on Wednesday, September 11th. Peel Hunt reiterated an “add” rating and set a GBX 146 ($1.91) price target on shares of Serco Group in a research report on Wednesday, July 3rd. Finally, Royal Bank of Canada increased 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.
In other Serco Group news, insider David Eveleigh sold 37,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of GBX 150 ($1.96), for a total value of £55,500 ($72,520.58).
Shares of SRP traded up GBX 3.60 ($0.05) during mid-day trading on Friday, hitting GBX 152 ($1.99). 14,996,669 shares of the company’s stock were exchanged, compared to its average volume of 3,690,000. Serco Group has a 52 week low of GBX 83.60 ($1.09) and a 52 week high of GBX 152.50 ($1.99). The stock’s 50-day simple moving average is GBX 144.48 and its 200-day simple moving average is GBX 135.25. The firm has a market cap of $1.86 billion and a price-to-earnings ratio of 33.78. The company has a quick ratio of 1.03, a current ratio of 1.07 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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