Serco Group (LON:SRP) PT Raised to GBX 205

Serco Group (LON:SRP) had its price objective hoisted by analysts at Deutsche Bank Aktiengesellschaft from GBX 200 ($2.54) to GBX 205 ($2.60) in a research note issued to investors on Friday, Marketbeat.com reports. The brokerage currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 14.08% from the stock’s previous close.

Separately, Shore Capital restated a “buy” rating on shares of Serco Group in a research report on Thursday.

Serco Group Stock Down 0.3 %

Shares of LON SRP opened at GBX 179.70 ($2.28) on Friday. The business has a 50-day moving average price of GBX 178.53 and a 200 day moving average price of GBX 177.04. The stock has a market cap of £1.92 billion, a PE ratio of 998.33, a price-to-earnings-growth ratio of 3.06 and a beta of 0.39. The company has a quick ratio of 0.98, a current ratio of 0.87 and a debt-to-equity ratio of 63.84. Serco Group has a 52-week low of GBX 138 ($1.75) and a 52-week high of GBX 193.10 ($2.45).

Insider Activity at Serco Group

In other Serco Group news, insider Nigel Crossley sold 212,403 shares of Serco Group stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of GBX 186 ($2.36), for a total value of £395,069.58 ($501,166.54). 1.98% of the stock is currently owned by insiders.

About Serco Group

Serco Group plc provides public services in the United Kingdom, Europe, North America, the Asia Pacific, and the Middle East. It offers service design and advisory, resourcing, programmes management, systems integration, case management, engineering, and assets and facilities management services. The company also provides administrative and back office, asylum seeker accommodation or passenger transport services; supports in the decarbonization journeys of customers and society, including installation of ground source heat pumps, solar panels, and energy efficiency upgrades; ecosystem restoration and biodiversity services comprising plantation; reforestation services; and a rage of support services for environmental protection.