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Serco Group plc ( (GB:SRP) ) has issued an announcement.
Serco Group plc has secured a £500 million contract to manage HMP Dovegate, a category B adult male facility in Staffordshire, for 12 years with potential extensions. The contract includes enhancements in education delivery and job creation, reinforcing Serco’s commitment to prisoner rehabilitation and public safety, while solidifying its position in the justice sector.
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 is an international provider of critical services to governments, focusing on sectors such as defense, space, migration, justice, healthcare, mobility, and customer services. With over 50,000 employees, Serco offers services like service design and advisory, complex program management, and systems integration, aiming to address complex global challenges.
Average Trading Volume: 2,471,294
Technical Sentiment Signal: Buy
Current Market Cap: £2.53B
For detailed information about SRP stock, go to TipRanks’ Stock Analysis page.