Serco Group (LON:SRP) Given New GBX 273 Price Target at Citigroup

Key Points

• Citigroup has revised its price target for Serco Group (LON:SRP) from GBX 281 to GBX 273, maintaining a "buy" rating which suggests a potential upside of 25.00% from the current stock price.
• Other analysts have also adjusted their ratings, with Deutsche Bank upgrading its target to GBX 215, and Berenberg Bank raising it to GBX 270, resulting in an average rating of "Moderate Buy" for the stock.
• Serco Group's stock is currently down 0.2%, with a market cap of £2.21 billion, while recent insider trading saw John Rishton purchase over 43,000 shares at GBX 225 each.

Serco Group (LON:SRP - Free Report) had its price objective decreased by Citigroup from GBX 281 to GBX 273 in a research note released on Friday, MarketBeat reports. Citigroup currently has a buy rating on the stock.

Several other research firms have also weighed in on SRP. Deutsche Bank Aktiengesellschaft lifted their price target on Serco Group from GBX 210 to GBX 215 and gave the company a "hold" rating in a research report on Friday, August 8th. Berenberg Bank lifted their price target on Serco Group from GBX 220 to GBX 270 and gave the company a "buy" rating in a research report on Thursday, August 7th. Finally, Shore Capital restated a "hold" rating on shares of Serco Group in a research report on Thursday, August 7th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of GBX 252.67.

Serco Group Trading Up 0.0%

SRP traded up GBX 0.11 on Friday, hitting GBX 218.91. 7,359,218 shares of the company were exchanged, compared to its average volume of 5,606,362. The firm has a fifty day simple moving average of GBX 213.12 and a two-hundred day simple moving average of GBX 185.67. The company has a debt-to-equity ratio of 62.40, a quick ratio of 0.98 and a current ratio of 0.91. Serco Group has a 12 month low of GBX 136.20 and a 12 month high of GBX 232.62. The stock has a market capitalization of £2.21 billion, a PE ratio of 5,339.15, a price-to-earnings-growth ratio of 3.06 and a beta of 0.38.

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

Insider Activity at Serco Group

In other Serco Group news, insider John Rishton acquired 43,086 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The shares were bought at an average cost of GBX 225 per share, with a total value of £96,943.50. 0.99% of the stock is owned by company insiders.

About Serco Group