Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Serco Group plc ( (GB:SRP) ) has issued an announcement.
Serco Group plc announced the results of its 2024 Annual General Meeting where all resolutions were approved, though the Directors’ Remuneration Report (DRR) did not reach the 80% approval threshold. The company has engaged in consultations with shareholders to understand their concerns, particularly regarding the remuneration of the new Group Chief Executive, Anthony Kirby. Despite 20.61% of votes against the DRR, feedback from shareholders did not raise significant issues, and Serco remains committed to considering shareholder feedback in future remuneration decisions.
The most recent analyst rating on (GB:SRP) stock is a Buy with a £260.00 price target. To see the full list of analyst forecasts on Serco Group plc stock, see the GB:SRP Stock Forecast page.
Spark’s Take on GB:SRP Stock
According to Spark, TipRanks’ AI Analyst, GB:SRP is a Outperform.
Serco Group plc’s stock score is driven by strong technical indicators and positive earnings call sentiment, despite valuation concerns. Financial performance shows mixed results, with strong cash flow but profitability and debt challenges. The stock’s bullish momentum and strategic growth in the defense sector are key strengths.
To see Spark’s full report on GB:SRP stock, click here.
More about Serco Group plc
Serco Group plc is a global service provider focused on serving governments across various sectors including defense, space, migration, justice, healthcare, mobility, and customer services. The company employs over 50,000 people and specializes in service design and advisory, resourcing, complex program management, systems integration, case management, engineering, and asset & facilities management.
Average Trading Volume: 2,387,920
Technical Sentiment Signal: Buy
Current Market Cap: £2.32B
Find detailed analytics on SRP stock on TipRanks’ Stock Analysis page.