Serco Group plc (SRP) Stock Rating Lowered by Liberum Capital

Serco Group plc (LON:SRP) was downgraded by analysts at Liberum Capital to a “sell” rating in a research note issued to investors on Friday. They currently have a GBX 100 ($1.32) target price on the stock, down from their previous target price of GBX 120 ($1.58). Liberum Capital’s target price would indicate a potential downside of 8.84% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the stock. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a GBX 142 ($1.87) price objective on shares of Serco Group plc in a report on Wednesday, October 25th. Shore Capital reaffirmed a “hold” rating on shares of Serco Group plc in a report on Tuesday, October 24th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a GBX 168 ($2.21) price objective on shares of Serco Group plc in a report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 137.55 ($1.81).

Shares of Serco Group plc (SRP) opened at GBX 109.70 ($1.44) on Friday. Serco Group plc has a 1-year low of GBX 104.50 ($1.37) and a 1-year high of GBX 151.10 ($1.99).

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