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Davy Research

Serco Group plc

Upgrades, FCF and quality of earnings

May 26 2022, 08:20 IST/BST
David Greenall
Company Report
5 page(s)

Sectors : Business Support Services

Companies : Serco Group plc

Ratings and price correct at time of issue.

Serco Group plc

Closing Price: 153p
RATING 01/04/21
OUTPERFORM
PREVIOUS RATING N/A

Person's Name

David Greenall

Analyst

DAVY VIEW

Serco has released an unscheduled trading statement today that is extremely positive. It has materially upgraded expectations for the current year, with incremental volumes and business in core areas replacing the one-off Test and Trace business. This continues the strong trend of underlying upgrades at the group over the last 12-18 months.

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May 26 2022, 08:20 IST/BST