Todays Report: The Royal Bank Of Canada Raises Serco Group plc (SRP) Price Target to GBX 115

The Royal Bank Of Canada Raises Serco Group plc (SRP) Price Target to GBX 115

Serco Group plc (LON:SRP) had its price target increased by Royal Bank Of Canada from GBX 100 ($1.22) to GBX 115 ($1.40) in a report published on Thursday. Royal Bank Of Canada currently has an underperform rating on the stock.

SRP has been the topic of a number of other research reports. Citigroup Inc. reaffirmed a neutral rating and issued a GBX 130 ($1.58) price objective on shares of Serco Group plc in a research note on Wednesday, August 31st. Jefferies Group reaffirmed a buy rating and issued a GBX 157 ($1.91) price objective on shares of Serco Group plc in a research note on Friday, August 5th. Deutsche Bank AG lifted their price objective on Serco Group plc from GBX 95 ($1.16) to GBX 125 ($1.52) and gave the stock a hold rating in a research note on Monday, August 1st. Shore Capital reaffirmed a hold rating on shares of Serco Group plc in a research note on Wednesday, September 28th. Finally, JPMorgan Chase & Co. lifted their price objective on Serco Group plc from GBX 130 ($1.58) to GBX 133 ($1.62) and gave the stock a neutral rating in a research note on Friday, July 1st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. Serco Group plc has an average rating of Hold and a consensus target price of GBX 119.38 ($1.46).

Shares of Serco Group plc (LON:SRP) opened at 136.30 on Thursday. The stock’s market cap is GBX 1.48 billion. Serco Group plc has a 52 week low of GBX 75.93 and a 52 week high of GBX 139.20. The company has a 50-day moving average price of GBX 131.68 and a 200-day moving average price of GBX 114.57.

In other Serco Group plc news, insider Cockburn,Angus sold 11,071 shares of the company’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of GBX 130 ($1.58), for a total value of £14,392.30 ($17,540.89).

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