Serco Group (LON:SRP) Price Target Cut to GBX 273 by Analysts at Citigroup

Key Points

• Citigroup has lowered its price target for Serco Group from GBX 281 to GBX 273, maintaining a "buy" rating, suggesting a potential upside of 22.75% from the current stock price.
• Other analysts, such as Berenberg Bank and Deutsche Bank, have also adjusted their price targets and ratings, contributing to a consensus average rating of "Moderate Buy" for Serco Group.
• Serco Group's recent quarterly earnings show a net margin of 2.87% and a projected EPS of 17.55 for the current fiscal year.

Serco Group (LON:SRP - Get Free Report) had its target price reduced by investment analysts at Citigroup from GBX 281 ($3.82) to GBX 273 ($3.71) in a research report issued to clients and investors on Monday, Marketbeat.com reports. The brokerage currently has a "buy" rating on the stock. Citigroup's price objective would indicate a potential upside of 21.91% from the company's previous close.

A number of other research analysts also recently weighed in on SRP. Shore Capital reissued a "hold" rating on shares of Serco Group in a research report on Thursday, August 7th. Berenberg Bank raised their price target on shares of Serco Group from GBX 220 ($2.99) to GBX 270 ($3.67) and gave the company a "buy" rating in a report on Thursday, August 7th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Serco Group from GBX 210 ($2.85) to GBX 215 ($2.92) and gave the stock a "hold" rating in a research report on Friday, August 8th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of GBX 252.67 ($3.43).

Serco Group Stock Up 1.1%

Shares of LON SRP traded up GBX 2.54 ($0.03) during mid-day trading on Monday, hitting GBX 223.94 ($3.04). The company had a trading volume of 1,713,158 shares, compared to its average volume of 5,772,934. Serco Group has a one year low of GBX 136.20 ($1.85) and a one year high of GBX 228.60 ($3.10). The company has a current ratio of 0.91, a quick ratio of 0.98 and a debt-to-equity ratio of 62.40. The company has a market capitalization of £2.27 billion, a PE ratio of 17.44, a price-to-earnings-growth ratio of 3.06 and a beta of 0.38. The firm has a 50-day simple moving average of GBX 205.69 and a two-hundred day simple moving average of GBX 179.52.

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

About Serco Group