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Serco Group plc ( (GB:SRP) ) just unveiled an update.
Serco Group plc announced the disposal of ordinary shares by Helen Shaw, the Interim UK&E Chief Executive Officer, to satisfy outstanding tax liabilities. This transaction, conducted in compliance with the UK Market Abuse Regulation, involved the sale of shares on the London Stock Exchange, generating proceeds of approximately £335,897.90. This development may have implications for the company’s financial management and investor relations.
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 company that focuses on serving governments worldwide. With a workforce exceeding 50,000 employees, Serco operates in various sectors such as defense, space, migration, justice, healthcare, mobility, and customer services. The company specializes in service design and advisory, resourcing, complex program management, systems integration, case management, engineering, and asset and facilities management.
Average Trading Volume: 2,415,265
Technical Sentiment Signal: Buy
Current Market Cap: £2.31B
For an in-depth examination of SRP stock, go to TipRanks’ Overview page.