Berenberg Bank reissued their buy rating on shares of Serco Group (LON:SRP - Free Report) in a report published on Tuesday, Marketbeat Ratings reports. Berenberg Bank currently has a GBX 270 target price on the stock.
Other equities research analysts also recently issued reports about the company. Citigroup reduced their price target on Serco Group from GBX 281 to GBX 273 and set a "buy" rating on the stock in a report on Friday, August 29th. Shore Capital reaffirmed a "hold" rating on shares of Serco Group in a research note on Thursday, August 7th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Serco Group from GBX 210 to GBX 215 and gave the company a "hold" rating in a research note on Friday, August 8th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of GBX 252.67.
Read Our Latest Research Report on Serco Group
Serco Group Trading Down 0.1%
Shares of LON:SRP traded down GBX 0.22 during trading on Tuesday, reaching GBX 221.98. The company's stock had a trading volume of 163,653,031 shares, compared to its average volume of 6,452,333. 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 12 month low of GBX 136.20 and a 12 month high of GBX 232.62. The firm's 50 day simple moving average is GBX 215.39 and its two-hundred day simple moving average is GBX 187.57. The stock has a market capitalization of £2.24 billion, a PE ratio of 4,421.99, a price-to-earnings-growth ratio of 3.06 and a beta of 0.38.
Serco Group (LON:SRP - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported GBX 9.74 earnings per share for the quarter. Serco Group had a return on equity of 13.70% and a net margin of 2.87%. On average, research analysts predict that Serco Group will post 17.552759 EPS for the current fiscal year.
Insider Transactions at Serco Group
In related news, insider John Rishton bought 43,086 shares of the company's stock in a transaction on Tuesday, August 26th. The shares were acquired at an average price of GBX 225 per share, with a total value of £96,943.50. Company insiders own 0.99% of the company's stock.
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