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Serco Group plc ( (GB:SRP) ) has issued an announcement.
Serco Group plc has announced the purchase of 268,484 ordinary shares, which will be held in treasury, as part of its ongoing share buy-back program initiated on 7 August 2025. This move increases the total number of shares held in treasury to 1,334,166, with 1,022,521,077 shares remaining in issue. The buy-back program is a strategic decision that could enhance shareholder value by reducing the number of shares available in the market, potentially increasing earnings per share and signaling confidence in the company’s financial health.
The most recent analyst rating on (GB:SRP) stock is a Buy with a £2.00 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 strong cash flow management and positive earnings call sentiment are significant strengths. The technical indicators support a bullish outlook, although the high P/E ratio suggests caution regarding valuation. The company’s strategic initiatives in the defense sector and share buy-back program further bolster its position.
To see Spark’s full report on GB:SRP stock, click here.
More about Serco Group plc
Serco Group plc operates in the services industry, providing public services across sectors such as defense, transport, justice, immigration, healthcare, and citizen services. The company is known for delivering essential services on behalf of governments and other institutions, focusing on sectors where it can leverage its expertise and operational capabilities.
Average Trading Volume: 2,493,714
Technical Sentiment Signal: Buy
Current Market Cap: £2.27B
Find detailed analytics on SRP stock on TipRanks’ Stock Analysis page.