Serco Group plc (LON:SRP - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 232.80 ($3.15) and last traded at GBX 232.80 ($3.15), with a volume of 7294306 shares changing hands. The stock had previously closed at GBX 223.20 ($3.02).
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on SRP. Berenberg Bank reaffirmed a "buy" rating and set a GBX 270 price target on shares of Serco Group in a report on Tuesday, September 2nd. Jefferies Financial Group lifted their target price on Serco Group from GBX 175 to GBX 230 and gave the stock a "hold" rating in a report on Thursday, September 11th. Deutsche Bank Aktiengesellschaft lifted their target price on Serco Group from GBX 210 to GBX 215 and gave the stock a "hold" rating in a report on Friday, August 8th. Shore Capital reissued a "hold" rating on shares of Serco Group in a report on Thursday, August 7th. Finally, Citigroup dropped their target price on Serco Group from GBX 281 to GBX 273 and set a "buy" rating for the company in a report on Friday, August 29th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Serco Group has a consensus rating of "Hold" and a consensus price target of GBX 247.
Get Our Latest Stock Analysis on SRP
Serco Group Stock Up 4.4%
The company has a debt-to-equity ratio of 62.40, a current ratio of 0.91 and a quick ratio of 0.98. The company has a market cap of £2.34 billion, a P/E ratio of 4,641.43, a PEG ratio of 3.06 and a beta of 0.38. The stock has a 50-day moving average of GBX 218.50 and a 200 day moving average of GBX 192.41.
Serco Group (LON:SRP - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported GBX 9.74 EPS for the quarter. Serco Group had a return on equity of 13.70% and a net margin of 2.87%. Research analysts anticipate that Serco Group plc will post 17.552759 earnings per share for the current year.
Insider Transactions at Serco Group
In other Serco Group news, insider John Rishton bought 43,086 shares of the firm's stock in a transaction on Tuesday, August 26th. The shares were purchased at an average price of GBX 225 per share, for a total transaction of £96,943.50. 0.99% of the stock is currently owned by corporate insiders.
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