Serco Group (LON:SRP) Stock Rating Reaffirmed by Liberum Capital

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Serco Group (LON:SRP)‘s stock had its “buy” rating reiterated by stock analysts at Liberum Capital in a research report issued on Tuesday, ThisIsMoney.Co.Uk reports.

A number of other brokerages have also issued reports on SRP. Peel Hunt reissued an “add” rating and issued a GBX 146 ($1.91) price objective on shares of Serco Group in a report on Tuesday, October 1st. JPMorgan Chase & Co. upped their price objective on shares of Serco Group from GBX 130 ($1.70) to GBX 140 ($1.83) and gave the company a “neutral” rating in a report on Friday, June 28th. UBS Group reissued a “buy” rating on shares of Serco Group in a report on Monday, July 29th. Shore Capital reissued a “buy” rating on shares of Serco Group in a report on Tuesday, October 1st. Finally, Peel Hunt reissued an “add” rating and issued a GBX 146 ($1.91) price objective on shares of Serco Group in a report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. Serco Group currently has a consensus rating of “Buy” and a consensus price target of GBX 145.27 ($1.90).

Shares of SRP opened at GBX 152.92 ($2.00) on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 72.42. Serco Group has a 12-month low of GBX 83.60 ($1.09) and a 12-month high of GBX 152.50 ($1.99). The firm has a 50-day moving average price of GBX 147.61 and a 200 day moving average price of GBX 137.16. The firm has a market capitalization of $1.85 billion and a P/E ratio of 33.98.

In related news, insider David Eveleigh sold 37,000 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of GBX 150 ($1.96), for a total value of £55,500 ($72,520.58).

About Serco Group

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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