Serco Group - SRP Share Forecast, Price & News

Serco Group plc provides public services in the United Kingdom, Europe, North America, the Asia Pacific, and the Middle East. The company offers base and operational support engineering, and management and information, as well as nuclear, space, and maritime services for the defense sector; and custodial, immigration detention, and detainee transport and monitoring services for the justice and immigration sectors. It also provides rail, ferry, and cycle operations; road traffic management; and air traffic control services to the transportation sector, as well as integrated facilities management, pathology and non-clinical support, and patient administration and contact services for the health sector. In addition, the company offers citizen services, including contact centers and case management; middle, back office, and IT; and employment and skills services. The company serves the United Kingdom and Canadian governments, devolved authorities, and other public sector customers; and federal and civilian agencies, and various state and municipal governments. Serco Group plc was founded in 1929 and is based in Hook, the United Kingdom.

Analyst Ratings Changes

Several equities research analysts recently commented on SRP shares. Citigroup reiterated a "buy" rating and set a GBX 255 ($3.08) price target on shares of Serco Group in a research note on Friday, August 5th. JPMorgan Chase & Co. boosted their target price on Serco Group from GBX 155 ($1.87) to GBX 170 ($2.05) and gave the company an "overweight" rating in a report on Friday, May 27th. Royal Bank of Canada raised their price target on Serco Group from GBX 205 ($2.48) to GBX 210 ($2.54) and gave the stock an "outperform" rating in a research note on Friday, August 5th. Shore Capital reissued a "buy" rating on shares of Serco Group in a report on Thursday, August 4th. Finally, Barclays restated an "overweight" rating and set a GBX 200 ($2.42) target price on shares of Serco Group in a research report on Friday, August 5th. Eight analysts have rated the stock with a buy rating, According to MarketBeat, Serco Group has an average rating of "Buy" and a consensus price target of GBX 194.57 ($2.35).

Serco Group Price Performance

Serco Group stock opened at GBX 176.60 ($2.13) on Monday. The business has a 50 day simple moving average of GBX 177.94 and a 200-day simple moving average of GBX 155.54. Serco Group has a 12 month low of GBX 118.90 ($1.44) and a 12 month high of GBX 199 ($2.40). The company has a debt-to-equity ratio of 72.84, a current ratio of 1.01 and a quick ratio of 0.98. The stock has a market capitalization of £2.11 billion and a PE ratio of 1,358.46.

Serco Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, October 6th. Investors of record on Thursday, September 8th will be issued a dividend of GBX 0.94 ($0.01) per share. The ex-dividend date is Thursday, September 8th. This represents a yield of 0.51%. Serco Group's dividend payout ratio is currently 16.92%.

Insider Activity at Serco Group

In other Serco Group news, insider Rupert Soames sold 574,897 shares of the business's stock in a transaction that occurred on Thursday, June 9th. The stock was sold at an average price of GBX 182 ($2.20), for a total transaction of £1,046,312.54 ($1,264,273.25).