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Serco Group plc ( (GB:SRP) ) has issued an update.
Serco Group plc announced a transaction involving the disposal of ordinary shares by John Rishton, the Board Chair, in accordance with UK Market Abuse Regulation. The transaction involved the sale of 43,086 shares at a price of £2.246 each, totaling £96,771.16. This transaction reflects internal managerial decisions and may influence stakeholder perceptions regarding the company’s governance and financial strategies.
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 provider of services primarily focused on serving governments. With over 50,000 employees, the company operates across various sectors including defense, space, migration, justice, healthcare, mobility, and customer services. Serco’s core capabilities encompass service design and advisory, resourcing, complex program management, systems integration, case management, engineering, and asset and facilities management.
Average Trading Volume: 2,353,268
Technical Sentiment Signal: Buy
Current Market Cap: £2.3B
For a thorough assessment of SRP stock, go to TipRanks’ Stock Analysis page.