Shore Capital restated their buy rating on shares of Serco Group (LON:SRP – Free Report) in a report released on Thursday morning, Marketbeat.com reports.
Separately, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Serco Group from GBX 200 ($2.57) to GBX 205 ($2.64) and gave the stock a hold rating in a research note on Friday, June 28th.
Check Out Our Latest Analysis on SRP
Serco Group Trading Down 3.3 %
Serco Group Cuts Dividend
The company also recently announced a dividend, which will be paid on Friday, October 4th. Investors of record on Thursday, August 29th will be paid a GBX 1.34 ($0.02) dividend. The ex-dividend date is Thursday, August 29th. This represents a yield of 0.7%. Serco Group’s dividend payout ratio (DPR) is currently 1,666.67%.
Insider Activity at Serco Group
In other news, insider Nigel Crossley bought 7,939 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was acquired at an average cost of GBX 185 ($2.38) per share, for a total transaction of £14,687.15 ($18,892.66). 1.98% of the stock is currently owned by company insiders.
About Serco Group
Serco Group plc provides public services in the United Kingdom, Europe, North America, the Asia Pacific, and the Middle East. It offers service design and advisory, resourcing, programmes management, systems integration, case management, engineering, and assets and facilities management services. The company also provides administrative and back office, asylum seeker accommodation or passenger transport services; supports in the decarbonization journeys of customers and society, including installation of ground source heat pumps, solar panels, and energy efficiency upgrades; ecosystem restoration and biodiversity services comprising plantation; reforestation services; and a rage of support services for environmental protection.
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