Serco Group (LON:SRP) Given New GBX 205 Price Target at Deutsche Bank Aktiengesellschaft

Serco Group (LON:SRP) had its price objective lifted by research analysts at Deutsche Bank Aktiengesellschaft from GBX 200 ($2.54) to GBX 205 ($2.60) in a note issued to investors on Friday, Marketbeat reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 14.08% from the company’s current price.

Separately, Shore Capital reiterated a “buy” rating on shares of Serco Group in a research report on Thursday.

Serco Group Stock Performance

SRP opened at GBX 179.70 ($2.28) on Friday. The company has a quick ratio of 0.98, a current ratio of 0.87 and a debt-to-equity ratio of 63.84. The firm has a market cap of £1.92 billion, a PE ratio of 998.33, a P/E/G ratio of 3.06 and a beta of 0.39. The business has a fifty day simple moving average of GBX 178.53 and a 200-day simple moving average of GBX 177.04. Serco Group has a fifty-two week low of GBX 138 ($1.75) and a fifty-two week high of GBX 193.10 ($2.45).

Insiders Place Their Bets

In other Serco Group news, insider Nigel Crossley bought 7,939 shares of Serco Group stock in a transaction dated Monday, May 13th. The stock was bought at an average price of GBX 185 ($2.35) per share, for a total transaction of £14,687.15 ($18,631.42). Corporate insiders own 1.98% of the company’s stock.

About Serco Group

Serco Group plc provides public services in the United Kingdom, Europe, North America, the Asia Pacific, and the Middle East. It offers service design and advisory, resourcing, programmes management, systems integration, case management, engineering, and assets and facilities management services. The company also provides administrative and back office, asylum seeker accommodation or passenger transport services; supports in the decarbonization journeys of customers and society, including installation of ground source heat pumps, solar panels, and energy efficiency upgrades; ecosystem restoration and biodiversity services comprising plantation; reforestation services; and a rage of support services for environmental protection.