Serco Group (LON:SRP) Reaches New 12-Month High - Here's What Happened

Key Points

• Serco Group plc's stock reached a new 52-week high of GBX 238.60 ($3.20) during trading on Wednesday, with a trading volume of 299,336 shares.
• Multiple brokerages have issued ratings on Serco's stock, with Berenberg Bank maintaining a "buy" rating and a price target of GBX 270, while Citigroup adjusted its target down to GBX 273, but also rated it a "buy".
• Insider John Rishton purchased 43,086 shares of Serco stock at an average price of GBX 225 per share, totaling approximately £96,944.

Serco Group plc (LON:SRP - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 238.60 ($3.20) and last traded at GBX 238.60 ($3.20), with a volume of 299336 shares trading hands. The stock had previously closed at GBX 236 ($3.17).

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SRP. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 270 price target on shares of Serco Group in a research report on Tuesday, September 2nd. Citigroup decreased their target price on Serco Group from GBX 281 to GBX 273 and set a "buy" rating on the stock in a research report on Friday, August 29th. Shore Capital reissued a "hold" rating on shares of Serco Group in a research report on Thursday, August 7th. 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 research report on Friday, August 8th. Finally, 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 research report on Thursday, September 11th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of GBX 247.

Serco Group Stock Up 1.2%

The firm has a market capitalization of £2.39 billion, a price-to-earnings ratio of 4,756.97, a P/E/G ratio of 3.06 and a beta of 0.38. The company has a current ratio of 0.91, a quick ratio of 0.98 and a debt-to-equity ratio of 62.40. The firm has a fifty day moving average price of GBX 223.75 and a 200 day moving average price of GBX 197.90.

Serco Group (LON:SRP - Get Free Report) last announced its 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%. Sell-side analysts anticipate that Serco Group plc will post 17.552759 EPS for the current fiscal year.

Insider Activity at Serco Group

In other Serco Group news, insider John Rishton bought 43,086 shares of Serco Group stock in a transaction dated Tuesday, August 26th. The shares were acquired at an average cost of GBX 225 per share, with a total value of £96,943.50. 1.00% of the stock is owned by insiders.

About Serco Group

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