Barclays Reiterates “Overweight” Rating for Serco Group (SRP)

Barclays reiterated their overweight rating on shares of Serco Group (LON:SRP) in a research report report published on Monday morning.

Several other research analysts have also issued reports on the stock. Royal Bank of Canada raised shares of Serco Group to a sector performer rating and set a GBX 90 ($1.18) target price on the stock in a research note on Monday. Peel Hunt reaffirmed a reduce rating and issued a GBX 87 ($1.14) target price (up previously from GBX 86 ($1.12)) on shares of Serco Group in a research note on Tuesday, October 30th. Credit Suisse Group raised 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. Citigroup raised shares of Serco Group to a neutral rating and raised their target price for the company from GBX 87 ($1.14) to GBX 95 ($1.24) in a research note on Tuesday, October 2nd. Finally, Shore Capital reaffirmed a hold rating on shares of Serco Group in a research note on Friday, September 28th. Three analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of Hold and an average price target of GBX 108.45 ($1.42).

Shares of LON SRP opened at GBX 86.70 ($1.13) on Monday. Serco Group has a 1 year low of GBX 82.25 ($1.07) and a 1 year high of GBX 123.60 ($1.62).

In related news, insider Rupert Soames sold 399,661 shares of the stock in a transaction that occurred on Friday, November 9th. The shares were 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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