Serco Group (LON:SRP) had its target price trimmed by Barclays from GBX 125 ($1.63) to GBX 120 ($1.57) in a report published on Tuesday morning. The brokerage currently has an overweight rating on the stock.
A number of other equities analysts have also recently issued reports on the company. Peel Hunt reissued a reduce rating on shares of Serco Group in a report on Tuesday, September 11th. Jefferies Financial Group dropped their target price on Serco Group from GBX 168 ($2.20) to GBX 123 ($1.61) and set a buy rating for the company in a report on Monday, August 6th. Citigroup raised Serco Group to a neutral rating and increased their target price for the stock from GBX 87 ($1.14) to GBX 95 ($1.24) in a report on Tuesday, October 2nd. Shore Capital reissued a hold rating on shares of Serco Group in a report on Thursday, August 2nd. Finally, UBS Group dropped their target price on Serco Group from GBX 140 ($1.83) to GBX 135 ($1.76) and set a buy rating for the company in a report on Wednesday, July 4th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Serco Group has an average rating of Hold and an average target price of GBX 109.45 ($1.43).
Shares of SRP opened at GBX 98.15 ($1.28) on Tuesday. Serco Group has a 1 year low of GBX 82.25 ($1.07) and a 1 year high of GBX 123.60 ($1.62).
About Serco Group
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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