Serco Group plc (LON:SRP) was up 5.8% during trading on Thursday . The company traded as high as GBX 122.20 ($1.60) and last traded at GBX 121.70 ($1.59). Approximately 2,030,058 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 3,690,000 shares. The stock had previously closed at GBX 115 ($1.50).
A number of equities research analysts have commented on SRP shares. Credit Suisse Group increased their price target on 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. Numis Securities reiterated a “hold” rating and issued a GBX 105 ($1.37) price target on shares of Serco Group in a research note on Friday, December 14th. Royal Bank of Canada upgraded Serco Group to a “sector performer” rating and set a GBX 90 ($1.18) price target for the company in a research note on Monday, December 10th. JPMorgan Chase & Co. increased their price target on Serco Group from GBX 115 ($1.50) to GBX 120 ($1.57) and gave the company a “neutral” rating in a research note on Tuesday, February 5th. Finally, Barclays reiterated an “overweight” rating and issued a GBX 120 ($1.57) price target on shares of Serco Group in a research note on Monday, December 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of GBX 116.18 ($1.52).
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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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