Berenberg Bank Issues Positive Forecast for Serco Group (LON:SRP) Stock Price

Serco Group (LON:SRP) had its target price boosted by Berenberg Bank from GBX 350 to GBX 400 in a research note issued to investors on Tuesday,Digital Look reports. Berenberg Bank currently has a buy rating on the stock.

A number of other brokerages have also commented on SRP. Jefferies Financial Group reissued a “hold” rating and set a GBX 230 price target on shares of Serco Group in a report on Thursday, June 25th. Citigroup upped their price objective on shares of Serco Group from GBX 371 to GBX 372 and gave the stock a “buy” rating in a report on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 255 target price on shares of Serco Group in a research report on Friday, June 26th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 314.25.

Serco Group Stock Up 0.6%

Shares of Serco Group stock opened at GBX 259.20 on Tuesday. The business’s fifty day moving average price is GBX 257 and its two-hundred day moving average price is GBX 259.24. The company has a debt-to-equity ratio of 104.16, a current ratio of 0.92 and a quick ratio of 0.98. The company has a market capitalization of £2.50 billion, a P/E ratio of 17.31, a PEG ratio of 3.06 and a beta of 0.52. Serco Group has a 1-year low of GBX 218.40 and a 1-year high of GBX 325.80.

Serco Group (LON:SRP) last announced its quarterly earnings results on Thursday, August 6th. The company reported GBX 9.69 earnings per share (EPS) for the quarter. Serco Group had a return on equity of 17.55% and a net margin of 3.06%. As a group, research analysts forecast that Serco Group will post 17.55 EPS for the current year.

About Serco Group