UBS Group Raises Serco Group (LON:SRP) Price Target to GBX 160

Serco Group (LON:SRP) had its target price lifted by UBS Group from GBX 140 ($1.83) to GBX 160 ($2.09) in a research report report published on Wednesday morning, ThisIsMoney.Co.Uk reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts have also weighed in on SRP. Shore Capital reaffirmed a buy rating on shares of AstraZeneca in a research report on Thursday, June 27th. Numis Securities reaffirmed a buy rating and set a GBX 115 ($1.50) price objective on shares of Alliance Pharma in a research report on Friday, May 24th. Jefferies Financial Group reaffirmed a hold rating on shares of COMPASS GRP PLC/S in a research report on Tuesday, April 9th. Liberum Capital reaffirmed a sell rating on shares of Pendragon in a research report on Thursday, June 27th. Finally, Royal Bank of Canada reaffirmed an outperform rating and set a GBX 150 ($1.96) price objective on shares of in a research report on Monday, June 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. Serco Group has a consensus rating of Buy and a consensus target price of GBX 141.70 ($1.85).

Shares of LON:SRP opened at GBX 142 ($1.86) on Wednesday. Serco Group has a 52-week low of GBX 83.60 ($1.09) and a 52-week high of GBX 146.50 ($1.91). The company has a market cap of $1.74 billion and a price-to-earnings ratio of 23.67. The stock has a 50 day moving average price of GBX 136.42. The company has a debt-to-equity ratio of 65.75, a current ratio of 0.96 and a quick ratio of 0.83.

In related news, insider David Eveleigh sold 18,629 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of GBX 125 ($1.63), for a total transaction of £23,286.25 ($30,427.61).

Serco Group Company Profile

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.

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Analyst Recommendations for Serco Group (LON:SRP)

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