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Serco Group plc ( (GB:SRP) ) has issued an announcement.
Serco Group plc recently held its Annual General Meeting where all proposed resolutions were approved, although the resolution concerning the 2024 Directors’ Remuneration Report (DRR) did not reach the 80% approval threshold, passing with 79.39%. Following this, Serco engaged in consultations with shareholders to gather feedback on the remuneration decisions, particularly regarding the new Group Chief Executive, Anthony Kirby. Despite the 20.61% vote against the DRR, the feedback did not reveal any significant concerns, and Serco remains committed to considering shareholder input 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 focusing primarily on serving governments across various sectors, including defense, space, migration, justice, healthcare, mobility, and customer services. With over 50,000 employees, the company offers services such as service design and advisory, resourcing, complex program management, systems integration, case management, engineering, and asset and facilities management.
Average Trading Volume: 2,259,829
Technical Sentiment Signal: Buy
Current Market Cap: £2.25B
Learn more about SRP stock on TipRanks’ Stock Analysis page.