What Will Happen to Serco Group plc Next? The Stock Just Reaches 52-Week High

 What Will Happen to Serco Group plc Next? The Stock Just Reaches 52 Week High

The stock of Serco Group plc (LON:SRP) hit a new 52-week high and has GBX 226.91 target or 63.00% above today’s GBX 139.21 share price. The 7 months bullish chart indicates low risk for the GBX 1.53B company. The 1-year high was reported on Nov, 8 by Barchart.com. If the GBX 226.91 price target is reached, the company will be worth GBX 963.90 million 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 0.66% or GBX 0.91 on November 8, hitting GBX 139.21. About 1.75 million shares traded hands. Serco Group plc (LON:SRP) has risen 42.72% since April 8, 2016 and is uptrending. It has outperformed by 40.77% 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 -14.73% below today’s (GBX 139.21) stock price. Serco Group PLC has been the topic of 85 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Monday, November 9 by Peel Hunt. The stock has “Buy” rating given by Liberum Capital on Wednesday, May 4. The rating was maintained by Peel Hunt with “Hold” on Thursday, February 25. The rating was maintained by Deutsche Bank on Tuesday, September 13 with “Hold”. The stock of Serco Group plc (LON:SRP) has “Underperform” rating given on Tuesday, August 11 by #N/A Requesting Data…. The firm has “Neutral” rating given on Wednesday, August 31 by Citigroup. The company was maintained on Friday, July 1 by JP Morgan. JP Morgan maintained the stock with “Neutral” rating in Friday, November 20 report. The firm has “Hold” rating given on Wednesday, August 12 by Numis Securities. Liberum Capital maintained it with “Buy” rating and GBX 135 target price in Thursday, February 25 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: “Should you buy Tullow Oil plc, John Wood Group plc and Serco Group plc on …” on June 30, 2016. More interesting news about Serco Group plc (LON:SRP) were released by: Fool.Co.Uk and their article: “Will Indivior plc (+71%), Serco Group plc (+33%) & Indus Gas Limited (+105 …” published on June 28, 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 1.53 billion GBP.

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