Berenberg raises target for Serco stock from GBp 350.00 to GBp 400.00

Published on 10/15/2026 at 12:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The target rose 14.29 percent on October 13, 2026. Serco stock was GBp 268.00 at LSE on October 15, 2026, below GBp 400.00.

Analyst action and company metrics

Berenberg reiterated a Buy rating on October 13, 2026.
The broker raised its target from GBp 350.00 to GBp 400.00.
Serco stock was trading at EUR 3.18 at 12:41 p.m. CEST on October 15, 2026 at Lang & Schwarz.

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Serco stock (ISIN GB0007973794) was trading at EUR 3.18 at Lang & Schwarz on October 15, 2026 at 12:41 p.m. CEST. The latest analyst signal came on October 13, 2026, when Berenberg raised its target from GBp 350.00 to GBp 400.00 and reiterated a Buy rating, according to Sharecast.

Target increase sharpens valuation debate

The move lifted Berenberg's target by 14.29 percent, calculated from GBp 350.00 to GBp 400.00. The broker linked its view to Serco's exposure to defense, compliance, immigration and justice spending, while highlighting North America as a major profit contributor, according to Sharecast.

For investors, the key distinction is between the broker's target and the live euro indication. The primary London quote was GBp 268.00 at 10:46 a.m. London time on October 15, 2026, leaving the target at GBp 132.00 above that quoted level. The two prices are separate market references and are not combined with the euro indication.

What does the recent record show?

The chronology points to both capital discipline and renewed analyst support. On June 30, 2026, Serco reported quarterly revenue of GBP 2.5 billion and net profit of GBP 96.0 million, compared with GBP 2.42 billion and GBP 88.6 million a year earlier, as reported by Markets Insider. Between September 7 and September 11, 2026, Serco repurchased more than 1.7 million ordinary shares under its buyback program, according to The Globe and Mail. Berenberg's October 13 target revision is the latest of the three events.

Upcoming dates remain central

The next reporting milestone is not stated in the substantiated material reviewed here. The company's investor page identifies a closed-period update focused on first-half performance and confidence in full-year guidance, keeping the reporting period and guidance outlook central to the valuation discussion.

Euro indication stays separate

Serco's euro indication was EUR 3.18 at Lang & Schwarz on October 15, 2026 at 12:41 p.m. CEST. The London reference was GBp 268.00 at 10:46 a.m. London time on the same date, while Berenberg's target stood at GBp 400.00.

The further course of trading is shown by the continuously updated real-time quote of Serco stock.