JPMorgan Chase & Co. Raises Serco Group (SRP) Price Target to GBX 115

Serco Group (LON:SRP) had its price objective boosted by JPMorgan Chase & Co. from GBX 108 ($1.41) to GBX 115 ($1.50) in a report released on Thursday morning. They currently have a neutral rating on the stock.

SRP has been the subject of a number of other reports. Credit Suisse Group boosted their target price on shares of Serco Group from GBX 83 ($1.08) to GBX 86 ($1.12) and gave the company an underperform rating in a research note on Monday, October 29th. Royal Bank of Canada raised shares of Serco Group to a sector performer rating and set a GBX 90 ($1.18) target price for the company in a research note on Monday, December 10th. Numis Securities reissued a hold rating and set a GBX 105 ($1.37) target price on shares of Serco Group in a research note on Friday, December 14th. Citigroup raised shares of Serco Group to a neutral rating and boosted their target price for the company from GBX 87 ($1.14) to GBX 95 ($1.24) in a research note on Tuesday, October 2nd. Finally, Barclays reissued an overweight rating and set a GBX 120 ($1.57) target price on shares of Serco Group in a research note on Monday, December 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of GBX 112.18 ($1.47).

SRP stock traded up GBX 1.40 ($0.02) during mid-day trading on Thursday, reaching GBX 114.50 ($1.50). 3,135,364 shares of the stock traded hands, compared to its average volume of 3,690,000. Serco Group has a one year low of GBX 82.25 ($1.07) and a one year high of GBX 123.60 ($1.62).



In other news, insider Rupert Soames sold 399,661 shares of the business’s stock in a transaction on Friday, November 9th. The shares were sold at an average price of GBX 96 ($1.25), for a total transaction of £383,674.56 ($501,338.77).

Serco Group Company Profile

Serco Group plc provides public services in the Asia Pacific, the Middle East, Europe, the United Kingdom, and North America. It provides defense, health, justice and immigration, transport, and citizen services. The company also offers non-clinical support services to hospitals; environmental and leisure services, as well as a range of front, middle, and back-office services to public sector customers; and IT services.

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Analyst Recommendations for Serco Group (LON:SRP)

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