The stock of Serco Group plc (LON:SRP) hit a new 52-week high and has GBX 234.30 target or 69.00% above today’s GBX 138.64 share price. The 7 months bullish chart indicates low risk for the GBX 1.52 billion company. The 1-year high was reported on Oct, 28 by Barchart.com. If the GBX 234.30 price target is reached, the company will be worth GBX 1.05B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 0.68% or GBX 0.94 on October 28, hitting GBX 138.64. About 2.56 million shares traded hands. Serco Group plc (LON:SRP) has risen 35.02% since March 31, 2016 and is uptrending. It has outperformed by 30.31% the S&P500.
Serco Group plc (LON:SRP) Ratings Coverage
Out of 18 analysts covering Serco Group PLC (LON:SRP), 3 rate it a “Buy”, 5 “Sell”, while 10 “Hold”. This means 17% are positive. GBX 1360 is the highest target while GBX 77 is the lowest. The GBX 118.71 average target is -14.38% below today’s (GBX 138.64) stock price. Serco Group PLC has been the topic of 85 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Wednesday, August 31 by Citigroup. The firm has “Neutral” rating by JP Morgan given on Tuesday, August 11. The rating was maintained by RBC Capital Markets with “Sector Performer” on Monday, April 4. Citigroup reinitiated the stock with “Neutral” rating in Tuesday, January 19 report. The rating was maintained by BNP Paribas with “Outperform” on Wednesday, April 13. JP Morgan maintained it with “Neutral” rating and GBX 155 target price in Tuesday, November 10 report. The firm has “Outperform” rating by BNP Paribas given on Wednesday, August 10. The company was maintained on Thursday, August 4 by Peel Hunt. RBC Capital Markets maintained Serco Group plc (LON:SRP) on Friday, September 11 with “Underperform” rating. Liberum Capital maintained it with “Hold” rating and GBX 135 target price in Wednesday, September 16 report.
More notable recent Serco Group plc (LON:SRP) news were published by: Uk.Finance.Yahoo.com which released: “Serco Group plc (SRP.L)” on March 29, 2014, also Marketwatch.com with their article: “Serco Group PLC” published on May 12, 2009, Fool.Co.Uk published: “Will Indivior plc (+71%), Serco Group plc (+33%) & Indus Gas Limited (+105 …” on June 28, 2016. More interesting news about Serco Group plc (LON:SRP) were released by: Fool.Co.Uk and their article: “Should you buy Tullow Oil plc, John Wood Group plc and Serco Group plc on …” published on June 30, 2016 as well as Fool.Co.Uk‘s news article titled: “Is It Time For A Fresh Look At Serco Group plc, Avanti Communications Group …” with publication date: December 07, 2015.
Serco Group plc is a United Kingdom well-known provider of public services. The company has a market cap of 1.52 billion GBP.
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