Serco Group (LON:SRP - Get Free Report) had its price target raised by equities researchers at Jefferies Financial Group from GBX 175 to GBX 230 in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The brokerage presently has a "hold" rating on the stock. Jefferies Financial Group's target price would suggest a potential upside of 4.88% from the stock's current price.
Other analysts have also issued reports about the stock. Citigroup cut their target price on shares of Serco Group from GBX 281 to GBX 273 and set a "buy" rating for the company in a research report on Friday, August 29th. Berenberg Bank reiterated a "buy" rating and issued a GBX 270 price target on shares of Serco Group in a research report on Tuesday, September 2nd. Shore Capital reiterated a "hold" rating on shares of Serco Group in a research report on Thursday, August 7th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Serco Group from GBX 210 to GBX 215 and gave the stock a "hold" rating in a research report on Friday, August 8th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of GBX 247.
Check Out Our Latest Research Report on SRP
Serco Group Stock Performance
LON SRP traded down GBX 4.51 during trading hours on Thursday, hitting GBX 219.29. 3,034,765 shares of the company's stock traded hands, compared to its average volume of 6,312,974. The business's fifty day moving average price is GBX 217.52 and its two-hundred day moving average price is GBX 190.43. 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 firm has a market capitalization of £2.21 billion, a P/E ratio of 4,368.29, a P/E/G ratio of 3.06 and a beta of 0.38. Serco Group has a 52 week low of GBX 136.20 and a 52 week high of GBX 232.62.
Serco Group (LON:SRP - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported GBX 9.74 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 EPS for the current year.
Insider Transactions at Serco Group
In other Serco Group news, insider John Rishton purchased 43,086 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The shares were bought at an average price of GBX 225 per share, with a total value of £96,943.50. 0.99% of the stock is currently owned by insiders.
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