Serco Group (SRP) Downgraded by Credit Suisse Group

Credit Suisse Group cut shares of Serco Group (LON:SRP) to an underperform rating in a research report sent to investors on Wednesday. The brokerage currently has GBX 85 ($1.14) price target on the stock, down from their prior price target of GBX 120 ($1.60).

Several other equities analysts have also issued reports on SRP. Numis Securities reaffirmed a hold rating and issued a GBX 110 ($1.47) target price on shares of Serco Group in a report on Thursday, December 14th. JPMorgan Chase & Co. reaffirmed a neutral rating and issued a GBX 142 ($1.90) target price on shares of Serco Group in a report on Thursday, December 14th. Liberum Capital reaffirmed a sell rating and issued a GBX 100 ($1.34) target price on shares of Serco Group in a report on Monday, November 20th. Peel Hunt reduced their target price on Serco Group from GBX 123 ($1.64) to GBX 96 ($1.28) and set a hold rating for the company in a report on Friday, December 15th. Finally, Shore Capital reissued a hold rating on shares of Serco Group in a report on Wednesday, December 13th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. The company has a consensus rating of Hold and an average price target of GBX 126.91 ($1.70).

Serco Group (SRP) opened at GBX 99.65 ($1.33) on Wednesday. The stock has a market capitalization of $1,090.00 and a P/E ratio of -1,993.00. Serco Group has a twelve month low of GBX 90.40 ($1.21) and a twelve month high of GBX 151.10 ($2.02).

In other Serco Group news, insider Angus Cockburn sold 27,197 shares of the stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of GBX 97 ($1.30), for a total transaction of £26,381.09 ($35,273.55).

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