Serco Group plc (SRP.L) (LON:SRP) Given Consensus Recommendation of “Buy” by Brokerages

Serco Group plc (SRP.L) (LON:SRP) has been assigned a consensus recommendation of “Buy” from the eight research firms that are presently covering the company, Marketbeat Ratings reports. Eight analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have issued a report on the stock in the last year is GBX 182.50 ($2.38).

SRP has been the subject of a number of research reports. Liberum Capital reaffirmed a “buy” rating and issued a GBX 180 ($2.35) price objective on shares of Serco Group plc (SRP.L) in a research note on Monday, November 2nd. Shore Capital reaffirmed a “buy” rating on shares of Serco Group plc (SRP.L) in a research note on Thursday, December 17th.

In related news, insider Roy A. Gardner bought 25,000 shares of the stock in a transaction that occurred on Wednesday, December 23rd. The stock was purchased at an average cost of GBX 117 ($1.53) per share, with a total value of £29,250 ($38,215.31).

LON:SRP opened at GBX 119.50 ($1.56) on Friday. Serco Group plc has a 52 week low of GBX 97 ($1.27) and a 52 week high of GBX 171.65 ($2.24). The company has a quick ratio of 0.95, a current ratio of 0.98 and a debt-to-equity ratio of 109.82. The company has a market capitalization of £1.47 billion and a P/E ratio of 12.19. The stock’s fifty day moving average is GBX 118.31 and its two-hundred day moving average is GBX 134.26.

About Serco Group plc (SRP.L)

Serco Group plc provides public services in the United Kingdom, Europe, North America, the Asia Pacific, and the Middle East. The company offers base and operational support engineering, and management and information, as well as nuclear, space, and maritime services for the defense sector; and custodial, immigration detention, and detainee transport and monitoring services for the justice and immigration sectors.

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Analyst Recommendations for Serco Group plc (SRP.L) (LON:SRP)

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