Serco Group’s (SRP) Hold Rating Reaffirmed at Shore Capital

Shore Capital reiterated their hold rating on shares of Serco Group (LON:SRP) in a research note published on Wednesday morning.

Other equities analysts have also recently issued reports about the company. HSBC dropped their price objective on Serco Group from GBX 130 ($1.75) to GBX 105 ($1.41) and set a hold rating on the stock in a research note on Friday, November 17th. Peel Hunt reaffirmed a hold rating and set a GBX 123 ($1.66) target price on shares of Serco Group in a research report on Tuesday, November 14th. Liberum Capital reaffirmed a hold rating and set a GBX 120 ($1.62) target price on shares of Serco Group in a research report on Tuesday, October 24th. Finally, J P Morgan Chase & Co reaffirmed a neutral rating and set a GBX 142 ($1.91) target price on shares of Serco Group in a research report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of GBX 132.55 ($1.78).

Shares of Serco Group (LON:SRP) traded down GBX 4.12 ($0.06) during trading hours on Wednesday, reaching GBX 97.70 ($1.31). The company’s stock had a trading volume of 5,389,992 shares, compared to its average volume of 3,110,000. Serco Group has a fifty-two week low of GBX 90.40 ($1.22) and a fifty-two week high of GBX 151.10 ($2.03).

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