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Davy Research

Serco Group plc

Strong Q1; good contract win; earnings upgrades

Apr 28 2021, 06:45 IST/BST
David Greenall
Company Report
8 page(s)

Sectors : Business Support Services

Companies : Serco Group plc

Ratings and price correct at time of issue.

Serco Group plc

Closing Price: 141p
RATING 01/04/21
OUTPERFORM
PREVIOUS RATING N/A

David Greenall

Analyst

DAVY VIEW

As indicated yesterday (April 27th), we formally upgrade forecasts for the current year and next. We find it strange that the market has chosen to de-rate the stock considering Q1 demonstrated strong momentum across the board and the company appears increasingly well placed.

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Apr 28 2021, 06:45 IST/BST

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Serco Group plc

Strong Q1; good contract win; earnings upgrades

Serco Group plc

RATING 01/04/21

David Greenall

DAVY VIEW

Download full report with analyst certification and important disclosures