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Serco Group plc ( (GB:SRP) ) just unveiled an update.
Serco Group plc has announced the acquisition of 252,200 ordinary shares as part of its ongoing share buy-back program. This move, which brings the total shares held in treasury to 17,419,866, is part of a strategic effort to manage the company’s capital structure and enhance shareholder value, reflecting the company’s confidence in its financial health and future prospects.
The most recent analyst rating on (GB:SRP) stock is a Buy with a £300.00 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 a positive earnings call, highlighting growth in key sectors and operational efficiency. However, high valuation metrics and profitability challenges weigh on the overall score.
To see Spark’s full report on GB:SRP stock, click here.
More about Serco Group plc
Serco Group plc operates in the public services sector, providing services in defense, transport, justice, immigration, healthcare, and other citizen services across various markets.
Average Trading Volume: 2,519,883
Technical Sentiment Signal: Buy
Current Market Cap: £2.47B
Learn more about SRP stock on TipRanks’ Stock Analysis page.