Serco Group’s (SRP) “Buy” Rating Reiterated at Berenberg Bank

Serco Group (LON:SRPGet Free Report)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a research note issued to investors on Friday,London Stock Exchange reports. They currently have a GBX 350 target price on the stock. Berenberg Bank’s price objective points to a potential upside of 33.49% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Citigroup increased their price objective on Serco Group from GBX 371 to GBX 372 and gave the stock a “buy” rating in a report on Friday. Jefferies Financial Group reissued a “hold” rating and set a GBX 230 target price on shares of Serco Group in a research note on Thursday, June 25th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 255 target price on shares of Serco Group in a report on Friday, June 26th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Serco Group has an average rating of “Moderate Buy” and an average target price of GBX 301.75.

View Our Latest Analysis on SRP

Serco Group Stock Performance

Shares of LON:SRP opened at GBX 262.20 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.98 and a debt-to-equity ratio of 104.09. The company has a 50-day moving average price of GBX 239.34 and a 200-day moving average price of GBX 275.03. The company has a market cap of £2.56 billion, a price-to-earnings ratio of 18.64, a price-to-earnings-growth ratio of 3.06 and a beta of 0.50. Serco Group has a 12 month low of GBX 212.80 and a 12 month high of GBX 325.80.

Serco Group (LON:SRPGet Free Report) last posted its earnings results on Thursday, August 6th. The company reported GBX 9.69 earnings per share (EPS) for the quarter. Serco Group had a return on equity of 16.69% and a net margin of 2.97%. As a group, equities analysts anticipate that Serco Group will post 17.552759 EPS for the current year.

Serco Group Company Profile

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