Serco Group (SRP) Raised to “Buy” at Shore Capital

Shore Capital upgraded shares of Serco Group (LON:SRP) to a buy rating in a report issued on Wednesday morning.

Several other research analysts also recently weighed in on SRP. UBS Group reissued a buy rating on shares of Serco Group in a research note on Wednesday. Credit Suisse Group boosted their target price on shares of Serco Group from GBX 83 ($1.08) to GBX 86 ($1.12) and gave the company an underperform rating in a research note on Monday, October 29th. Royal Bank of Canada raised shares of Serco Group to a sector performer rating and set a GBX 90 ($1.18) target price for the company in a research note on Monday, December 10th. Peel Hunt reissued a reduce rating on shares of Serco Group in a research note on Tuesday, September 11th. Finally, Numis Securities reissued a hold rating and issued a GBX 105 ($1.37) target price on shares of Serco Group in a research note on Friday, December 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of GBX 112.18 ($1.47).

LON:SRP opened at GBX 114.50 ($1.50) on Wednesday. Serco Group has a 52-week low of GBX 82.25 ($1.07) and a 52-week high of GBX 123.60 ($1.62).

In other Serco Group news, insider Rupert Soames sold 399,661 shares of Serco Group stock in a transaction dated Friday, November 9th. The stock was sold at an average price of GBX 96 ($1.25), for a total value of £383,674.56 ($501,338.77).

Serco Group Company Profile

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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Analyst Recommendations for Serco Group (LON:SRP)

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