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

Serco Group (LON:SRP) had its target price increased by Citigroup from GBX 371 to GBX 372 in a research note released on Friday morning, Marketbeat reports. They currently have a buy rating on the stock.

Several other research analysts also recently commented on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 255 price target on shares of Serco Group in a research note on Friday, June 26th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 230 price objective on shares of Serco Group in a research note on Thursday, June 25th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 301.75.

Serco Group Price Performance

Shares of Serco Group stock opened at GBX 265.80 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.98 and a debt-to-equity ratio of 104.09. The firm has a market capitalization of £2.60 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 3.06 and a beta of 0.50. The business’s 50-day moving average price is GBX 239.38 and its 200-day moving average price is GBX 274.96. Serco Group has a 12 month low of GBX 212.80 and a 12 month high of GBX 325.80.

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

Serco Group Company Profile