Serco Group plc 5.4% Potential Upside Indicated by JP Morgan Cazenove

Broker Ratings

Serco Group plc using EPIC/TICKER code (LON:SRP) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘NEUTRAL’ this morning by analysts at JP Morgan Cazenove. Serco Group plc are listed in the Industrials sector within UK Main Market. JP Morgan Cazenove have set a target price of 120 GBX on its stock. This is indicating the analyst believes there is a potential upside of 5.4% from the opening price of 113.8 GBX. Over the last 30 and 90 trading days the company share price has increased 11.7 points and increased 18.6 points respectively. The 1 year high for the stock price is 116.8 GBX while the year low stock price is currently 82.55 GBX.

Serco Group plc has a 50 day moving average of 102.75 GBX and a 200 Day Moving Average share price is recorded at 99.52. There are currently 1,098,564,237 shares in issue with the average daily volume traded being 2,427,604. Market capitalisation for LON:SRP is £1,252,363,230 GBP.

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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.

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