UBS Group Raises Serco Group (LON:SRP) Price Target to GBX 160

Serco Group (LON:SRP) had its price target upped by UBS Group from GBX 140 ($1.83) to GBX 160 ($2.09) in a research note published on Wednesday, ThisIsMoney.Co.Uk reports. They currently have a buy rating on the stock.

Other analysts have also issued reports about the company. Liberum Capital reiterated a sell rating on shares of Pendragon in a research note on Thursday, June 27th. Barclays reiterated a buy rating and set a $65.00 price objective on shares of Owens Corning in a research note on Monday, July 1st. Royal Bank of Canada reiterated an outperform rating and set a GBX 150 ($1.96) price objective on shares of in a research note on Monday, June 17th. Peel Hunt reiterated a buy rating and set a GBX 60 ($0.78) price objective on shares of Renewi in a research note on Wednesday, July 3rd. Finally, Numis Securities reiterated a buy rating and set a GBX 115 ($1.50) price objective on shares of Alliance Pharma in a research note on Friday, May 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. Serco Group currently has an average rating of Buy and an average price target of GBX 141.70 ($1.85).

LON:SRP opened at GBX 142 ($1.86) on Wednesday. The company has a debt-to-equity ratio of 65.75, a quick ratio of 0.83 and a current ratio of 0.96. Serco Group has a 52-week low of GBX 83.60 ($1.09) and a 52-week high of GBX 146.50 ($1.91). The company has a market cap of $1.74 billion and a price-to-earnings ratio of 23.67. The company’s fifty day moving average is GBX 136.42.

In other news, insider David Eveleigh sold 18,629 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of GBX 125 ($1.63), for a total value of £23,286.25 ($30,427.61).

About Serco Group

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.

Further Reading: Trading based on a resistance level

Analyst Recommendations for Serco Group (LON:SRP)

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