Serco Group (LON:SRP) Receives Buy Rating from Berenberg Bank

Serco Group (LON:SRP)‘s stock had its “buy” rating reaffirmed by Berenberg Bank in a note issued to investors on Friday,London Stock Exchange reports. They presently have a GBX 350 price objective on the stock. Berenberg Bank’s price objective would suggest a potential upside of 33.49% from the stock’s current price.

SRP has been the topic of a number of other research reports. Citigroup lifted their target price on shares of Serco Group from GBX 371 to GBX 372 and gave the stock a “buy” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 255 price objective on shares of Serco Group in a research note on Friday, June 26th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 230 price objective on shares of Serco Group in a report on Thursday, June 25th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Serco Group has a consensus rating of “Moderate Buy” and an average price target of GBX 301.75.

Serco Group Trading Up 0.8%

SRP stock opened at GBX 262.20 on Friday. The company has a market capitalization of £2.56 billion, a PE ratio of 18.64, a price-to-earnings-growth ratio of 3.06 and a beta of 0.50. Serco Group has a one year low of GBX 212.80 and a one year high of GBX 325.80. The company’s 50 day moving average price is GBX 239.34 and its two-hundred day moving average price is GBX 275.03. The company has a debt-to-equity ratio of 104.09, a quick ratio of 0.98 and a current ratio of 0.93.

Serco Group (LON:SRP) last announced its quarterly earnings data on Thursday, August 6th. The company reported GBX 9.69 earnings per share (EPS) for the quarter. Serco Group had a net margin of 2.97% and a return on equity of 16.69%. As a group, analysts predict that Serco Group will post 17.552759 earnings per share for the current fiscal year.

About Serco Group