Berenberg Bank Forecasts Strong Price Appreciation for Serco Group (LON:SRP) Stock

Serco Group (LON:SRP – Get Free Report) had its target price upped by investment analysts at Berenberg Bank from GBX 350 to GBX 400 in a research report issued to clients and investors on Tuesday, Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price target points to a potential upside of 52.56% from the stock’s previous close.

Several other analysts have also commented on SRP. Citigroup increased their target price on shares of Serco Group from GBX 371 to GBX 372 and gave the company a “buy” rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 255 price target on shares of Serco Group in a research report on Friday, June 26th. Finally, Jefferies Financial Group restated a “hold” rating and issued a GBX 230 price target on shares of Serco Group in a research report on Thursday, June 25th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 314.25.

Check Out Our Latest Stock Analysis on SRP

Serco Group Stock Performance

LON:SRP opened at GBX 262.20 on Tuesday. Serco Group has a twelve month low of GBX 218.40 and a twelve month high of GBX 325.80. The company has a current ratio of 0.92, a quick ratio of 0.98 and a debt-to-equity ratio of 104.16. The company has a 50-day moving average of GBX 257.26 and a 200-day moving average of GBX 258.99. The firm has a market cap of £2.53 billion, a price-to-earnings ratio of 17.52, a price-to-earnings-growth ratio of 3.06 and a beta of 0.52.

Serco Group (LON:SRP – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported GBX 9.69 earnings per share (EPS) for the quarter. Serco Group had a net margin of 3.06% and a return on equity of 17.55%. Analysts forecast that Serco Group will post 17.55 earnings per share for the current fiscal year.

Serco Group Company Profile

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