The Serco Group plc’s (SRP) “Neutral” Rating Reaffirmed at J P Morgan Chase & Co

The Serco Group plc’s (SRP) “Neutral” Rating Reaffirmed at J P Morgan Chase & Co

J P Morgan Chase & Co reiterated their neutral rating on shares of Serco Group plc (LON:SRP) in a research report report published on Wednesday morning. J P Morgan Chase & Co currently has a GBX 142 ($1.87) price target on the stock.

Other research analysts also recently issued research reports about the company. Shore Capital reaffirmed a hold rating on shares of Serco Group plc in a research note on Thursday, August 3rd. Liberum Capital reaffirmed a hold rating and issued a GBX 120 ($1.58) price objective on shares of Serco Group plc in a research note on Thursday, August 3rd. Jefferies Group LLC reaffirmed a buy rating and issued a GBX 168 ($2.22) price objective on shares of Serco Group plc in a research note on Friday, August 4th. Peel Hunt lowered their price objective on Serco Group plc from GBX 139 ($1.83) to GBX 123 ($1.62) and set a hold rating for the company in a research note on Friday, June 30th. Finally, BNP Paribas reaffirmed an outperform rating and issued a GBX 175 ($2.31) price objective on shares of Serco Group plc in a research note on Wednesday, July 12th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of GBX 139.36 ($1.84).

Shares of Serco Group plc (LON SRP) traded down 0.34% on Wednesday, hitting GBX 116.50. 1,031,081 shares of the stock traded hands. The stock has a 50 day moving average of GBX 115.63 and a 200-day moving average of GBX 114.91. The stock’s market cap is GBX 1.27 billion. Serco Group plc has a 1-year low of GBX 104.50 and a 1-year high of GBX 151.10.

In other news, insider Ian El-Mokadem bought 50,000 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was acquired at an average price of GBX 116 ($1.53) per share, with a total value of £58,000 ($76,537.34).

About Serco Group plc

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