Serco Group (LON:SRP) Price Target Increased to GBX 205 by Analysts at Deutsche Bank Aktiengesellschaft

Posted by Oscar Bower on Jul 2nd, 2024

Serco Group (LON:SRP – Free Report) had its price objective hoisted by Deutsche Bank Aktiengesellschaft from GBX 200 ($2.53) to GBX 205 ($2.59) in a research note issued to investors on Friday morning, Marketbeat.com reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

Separately, Shore Capital reiterated a buy rating on shares of Serco Group in a research note on Thursday, June 27th.

Read Our Latest Stock Analysis on Serco Group

Serco Group Trading Up 0.5 %

Serco Group stock opened at GBX 180.60 ($2.28) on Friday. Serco Group has a one year low of GBX 138 ($1.75) and a one year high of GBX 193.10 ($2.44). The business’s fifty day moving average is GBX 178.51 and its 200 day moving average is GBX 177.32. The stock has a market capitalization of £1.93 billion, a PE ratio of 1,003.33, a price-to-earnings-growth ratio of 3.06 and a beta of 0.39. The company has a debt-to-equity ratio of 63.84, a current ratio of 0.87 and a quick ratio of 0.98.

Insider Buying and Selling at Serco Group

In other news, insider Nigel Crossley sold 212,403 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of GBX 186 ($2.35), for a total transaction of £395,069.58 ($499,708.55). 1.98% of the stock is owned by corporate insiders.

About Serco Group

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Serco Group plc provides public services in the United Kingdom, Europe, North America, the Asia Pacific, and the Middle East. It offers service design and advisory, resourcing, programmes management, systems integration, case management, engineering, and assets and facilities management services. The company also provides administrative and back office, asylum seeker accommodation or passenger transport services; supports in the decarbonization journeys of customers and society, including installation of ground source heat pumps, solar panels, and energy efficiency upgrades; ecosystem restoration and biodiversity services comprising plantation; reforestation services; and a rage of support services for environmental protection.