Serco Group Appoints Mark Reid as New CFO

An announcement from Serco Group plc ( (GB:SRP) ) is now available.

Serco Group plc has announced the appointment of Mark Reid as the new Group Chief Financial Officer, effective March 6, 2026, succeeding Nigel Crossley who is retiring after 11 years. Mark Reid brings extensive international finance experience from his previous role at Proximus and other senior positions at companies like Liberty Global and British Airways. This leadership transition is expected to strengthen Serco’s financial foundations and support its ongoing growth and innovation in serving government clients worldwide.

The most recent analyst rating on (GB:SRP) stock is a Buy with a £288.00 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 overall stock score is driven by strong cash flow management and positive technical indicators. The earnings call provided a positive outlook with strong growth in key areas. However, the high P/E ratio suggests potential overvaluation, which tempers the overall score.

To see Spark’s full report on GB:SRP stock, click here.

More about Serco Group plc

Serco Group plc is a global provider of services primarily to governments, employing over 50,000 people. The company operates across various sectors including defense, space, migration, justice, healthcare, mobility, and customer services, offering capabilities in service design, advisory, resourcing, complex program management, systems integration, and more.

Average Trading Volume: 2,381,056

Technical Sentiment Signal: Buy

Current Market Cap: £2.48B

Find detailed analytics on SRP stock on TipRanks’ Stock Analysis page.