JPMorgan Chase & Co. reissued their overweight rating on shares of Serco Group (LON:SRP) in a research note released on Monday morning, Stock Ratings Network reports. They currently have a GBX 544 ($8.89) target price on the stock.
JPMorgan Chase & Co. has also taken action a number of other stocks recently. The firm initiated coverage on shares of Nokia Co.. They issued an overweight rating on that stock and set a $10.80 price target. Also, JPMorgan Chase & Co. downgraded shares of Canon from an overweight rating to an underweight rating.
Serco Group (LON:SRP) opened at 444.10 on Monday. Serco Group has a 1-year low of GBX 415.30 and a 1-year high of GBX 689.45. The stock’s 50-day moving average is GBX 490.6 and its 200-day moving average is GBX 570.0. The company’s market cap is £2.177 billion.
A number of other analysts have also recently weighed in on SRP. Analysts at Credit Suisse reiterated an outperform rating on shares of Serco Group in a research note to investors on Monday. They now have a GBX 500 ($8.18) price target on the stock. Finally, analysts at Cantor Fitzgerald reiterated a sell rating on shares of Serco Group in a research note to investors on Wednesday, November 27th. They now have a GBX 380 ($6.21) price target on the stock. Seven analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. Serco Group currently has a consensus rating of Hold and an average price target of GBX 541.50 ($8.85).
Serco Group plc is a holding company. The Company operates in five segments: Civil Government; Local Government and Commercial; Defense, Science and Nuclear; Americas, and AMEAA.
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