Serco Group plc with ticker (LON:SRP) now has a potential upside of 16.7% according to RBC Capital Markets.
RBC Capital Markets set a target price of 210 GBX for the company, which when compared to the Serco Group plc share price of 175 GBX at opening today (09/08/2022) indicates a potential upside of 16.7%. Trading has ranged between 119 (52 week low) and 199 (52 week high) with an average of 3,722,769 shares exchanging hands daily. The market capitalisation at the time of writing is £2,078,447,510.
Serco Group plc is a United Kingdom-based provider of public services. The Company is specialized in the delivery of essential public services with people working in defense, transport, justice, immigration, healthcare and other citizen services. It operates in the United Kingdom & Europe, North America, Asia Pacific and Middle East. Its UK & Europe offers services for sectors, including citizen services, defense, health, justice & immigration and transport delivered to United Kingdom (UK) government, UK devolved authorities and other public sector customers; Americas, which offers services for citizen services, defense and transport delivered to United States (US) federal and civilian agencies, selected state and municipal governments and the Canadian government; AsPac offers services for citizen services, defense, justice & immigration and transport in the Asia Pacific region; Middle East offers services for citizen services, defense, health and transport in the Middle East region.
Serco Group plc 16.7% potential upside indicated by RBC Capital Markets
- Written by: Charlotte Edwards
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Serco Group Plc has acquired Northrop Grumman's mission training and satellite ground network software business for $327M, expanding its US defense market reach.
Serco Group Plc secures a $247M contract with the US Army to enhance soldier readiness and performance under the Holistic Health and Fitness (H2F) System.
Serco Group plc announces the appointment of Anthony Kirby as the new Group Chief Executive, succeeding Mark Irwin, who will retire in February 2025.
Serco Group plc anticipates strong 2024 results, with upgraded cash and net debt guidance. Revenue is projected at £4.8bn, with profits up by 9%.
Serco Group's contract for Australian immigration detention services ends December 2024. A transition plan is in place following the failed rebid.
