The change of management of this british outsourcing company has stated to pay off. In his previuos C.E.O possition, Mr. Rupert C. Soames took Electrocomponents to the next level. The market has not yet fully understood Mr Soames team potencial to turn SERCO GROUP around. There is still a lot of work to be done in order to clean up the balance sheet
and increase magins. In addition, 2013 scandal persists within the image of the group. But I believe 2018 will be a promising year for SERCO shareholders.
Technically, at 90.5p the share price may have started a new upward trend.
Entry level: 96p-99p
Stop loss: 89.5p
Targets: 107.5p, 132p and 145.90p
Risk-Reward Ratio 1:1 (107.5p target), 1:4 (132p target), 1:7 (145.90p target)