Berenberg Bank Increases Serco Group (LON:SRP) Price Target to GBX 270

Key Points

• Berenberg Bank has increased its price target for Serco Group from GBX 220 to GBX 270, indicating a potential upside of 23.63% from the stock's previous close.
• Other institutions, including Deutsche Bank, have also adjusted their ratings on Serco Group, with Deutsche raising its price target to GBX 215 and maintaining a "hold" rating.
• As of the latest quarter, Serco Group reported an EPS of GBX 9.74 and analysts forecast an annual EPS of 17.55 for the current fiscal year.

Serco Group (LON:SRP - Free Report) had its price target hoisted by Berenberg Bank from GBX 220 ($2.96) to GBX 270 ($3.63) in a research report released on Thursday, MarketBeat Ratings reports. Berenberg Bank currently has a buy rating on the stock.

A number of other analysts also recently issued reports on SRP. Shore Capital reiterated a "hold" rating on shares of Serco Group in a report on Thursday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Serco Group from GBX 210 ($2.82) to GBX 215 ($2.89) and gave the stock a "hold" rating in a report on Friday.

Serco Group Stock Up 1.4%

Shares of LON SRP traded up GBX 3 ($0.04) during midday trading on Thursday, reaching GBX 219 ($2.95). The company's stock had a trading volume of 13,290,652 shares, compared to its average volume of 5,878,439. The company has a current ratio of 0.91, a quick ratio of 0.98 and a debt-to-equity ratio of 62.40. Serco Group has a fifty-two week low of GBX 136.20 ($1.83) and a fifty-two week high of GBX 228.60 ($3.07). The stock has a market capitalization of £2.22 billion, a price-to-earnings ratio of 17.06, a PEG ratio of 3.06 and a beta of 0.38. The stock has a 50 day simple moving average of GBX 203.65 and a 200-day simple moving average of GBX 178.21.

Serco Group (LON:SRP - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported GBX 9.74 ($0.13) earnings per share (EPS) for the quarter. Serco Group had a net margin of 2.87% and a return on equity of 13.70%. Equities research analysts predict that Serco Group will post 17.552759 earnings per share for the current year.

Serco Group Company Profile