Jefferies Financial Group Boosts Serco Group (LON:SRP) Price Target to GBX 230

Key Points

• Jefferies Financial Group has raised its price target for Serco Group from GBX 175 to GBX 230, maintaining a "hold" rating, which suggests a potential upside of 3.14% from the current price.
• Serco Group's stock saw a slight increase of 1.5%, with shares opening at GBX 223, while the company holds a market capitalization of £2.24 billion.
• Insider John Rishton purchased 43,086 shares at an average price of GBX 225, indicating confidence in the company's future performance.

Serco Group (LON:SRP - Get Free Report) had its price target boosted by investment analysts at Jefferies Financial Group from GBX 175 to GBX 230 in a research note issued on Thursday,Digital Look reports. The brokerage presently has a "hold" rating on the stock. Jefferies Financial Group's price target would suggest a potential upside of 3.14% from the company's current price.

Other equities research analysts also recently issued reports about the company. Citigroup lowered their price target on Serco Group from GBX 281 to GBX 273 and set a "buy" rating for the company in a report on Friday, August 29th. Shore Capital restated a "hold" rating on shares of Serco Group in a report on Thursday, August 7th. Berenberg Bank reiterated a "buy" rating and set a GBX 270 price objective on shares of Serco Group in a report on Tuesday, September 2nd. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Serco Group from GBX 210 to GBX 215 and gave the stock a "hold" rating in a report on Friday, August 8th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of GBX 247.

Serco Group Stock Up 1.5%

Shares of Serco Group stock opened at GBX 223 on Thursday. Serco Group has a 1 year low of GBX 136.20 and a 1 year high of GBX 232.62. The business has a 50-day moving average of GBX 216.53 and a two-hundred day moving average of GBX 188.70. The company has a market capitalization of £2.24 billion, a P/E ratio of 4,442.23, a price-to-earnings-growth ratio of 3.06 and a beta of 0.38. The company has a debt-to-equity ratio of 62.40, a current ratio of 0.91 and a quick ratio of 0.98.

Serco Group (LON:SRP - Get Free Report) last announced 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%. As a group, equities analysts predict that Serco Group will post 17.552759 EPS for the current year.

Insider Activity

In other news, insider John Rishton acquired 43,086 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The stock was acquired at an average cost of GBX 225 per share, for a total transaction of £96,943.50. Insiders own 0.99% of the company's stock.

About Serco Group

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