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Serco Group plc ( (GB:SRP) ) has issued an announcement.
Serco Group plc has continued executing its previously announced share buyback programme, repurchasing 1,177,454 ordinary shares between 16 and 20 March 2026 at prices mostly in the low- to mid-310 pence range through broker RBC Europe Limited. These transactions form part of a broader capital allocation strategy under which Serco has now bought back a total of 2,333,090 shares since early March, all of which are being held in treasury and reduce the stock available to the market.
Following the latest purchases, Serco has 1,000,412,924 ordinary shares in issue excluding treasury, with 2,333,090 shares held in treasury and an equal number of voting rights outstanding for regulatory disclosure purposes. The ongoing reduction in free float could provide earnings-per-share accretion and signals continued confidence by the board in the company’s financial position, while also affecting how investors calculate and report their ownership stakes under UK transparency rules.
The most recent analyst rating on (GB:SRP) stock is a Buy with a £350.00 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 SRP Stock
According to Spark, TipRanks’ AI Analyst, SRP is a Outperform.
The score is driven primarily by strong cash generation and an improved balance-sheet profile, supported by a very low P/E valuation. Technicals are positive with the stock in an uptrend, while earnings-call takeaways are constructive (profit-growth guidance and strong pipeline) but tempered by near-term headwinds (immigration exposure), higher debt/finance costs, and execution/timing risks.
To see Spark’s full report on SRP stock, click here.
More about Serco Group plc
Serco Group plc is a UK-listed provider of public services, operating government contracts across sectors such as defence, justice, immigration, transport, health, and citizen services. The company typically manages outsourced operations and complex programmes for public sector clients in the U.K. and internationally, with its shares traded on the London Stock Exchange.
Average Trading Volume: 2,967,288
Technical Sentiment Signal: Buy
Current Market Cap: £3.07B
Find detailed analytics on SRP stock on TipRanks’ Stock Analysis page.