Citigroup Issues Pessimistic Forecast for Serco Group (LON:SRP) Stock Price

Serco Group (LON:SRP) had its price objective dropped by research analysts at Citigroup from GBX 281 to GBX 273 in a research report issued on Friday,Digital Look reports. The firm presently has a “buy” rating on the stock. Citigroup’s target price would suggest a potential upside of 25.00% from the stock’s current price.

Several other analysts also recently weighed in on SRP. Deutsche Bank Aktiengesellschaft boosted their price target on Serco Group from GBX 210 to GBX 215 and gave the company a “hold” rating in a research note on Friday, August 8th. Shore Capital reiterated a “hold” rating on shares of Serco Group in a research note on Thursday, August 7th. Finally, Berenberg Bank boosted their price target on Serco Group from GBX 220 to GBX 270 and gave the company a “buy” rating in a research note on Thursday, August 7th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 252.67.

Serco Group Stock Down 0.2%

Shares of SRP stock opened at GBX 218.40 on Friday. The company has a debt-to-equity ratio of 62.40, a current ratio of 0.91 and a quick ratio of 0.98. The stock’s fifty day moving average price is GBX 212.71 and its 200 day moving average price is GBX 184.90. The company has a market cap of £2.21 billion, a price-to-earnings ratio of 17.01, a price-to-earnings-growth ratio of 3.06 and a beta of 0.38. Serco Group has a 1-year low of GBX 136.20 and a 1-year high of GBX 232.62.

Serco Group (LON:SRP) last posted its quarterly earnings results on Thursday, August 7th. The company reported GBX 9.74 earnings per share for the quarter. Serco Group had a return on equity of 13.70% and a net margin of 2.87%. On average, research analysts expect that Serco Group will post 17.552759 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Serco Group news, insider John Rishton purchased 43,086 shares of the business’s stock in a transaction on Tuesday, August 26th. The shares were bought at an average cost of GBX 225 per share, for a total transaction of £96,943.50. 1.67% of the stock is currently owned by corporate insiders.

About Serco Group