Serco Group (LON:SRP) Sets New 12-Month High - What's Next?

Key Points

• Serco Group plc's shares reached a new 52-week high at GBX 242.20, with a recent trading price of GBX 241.40, indicating strong market interest.
• Several analysts have adjusted their price targets for Serco Group, with Citigroup lowering its target to GBX 273 while Jefferies raised it to GBX 230, reflecting differing outlooks on the stock's performance.
• Insider John Rishton purchased 43,086 shares at an average cost of GBX 225, suggesting confidence in the company's future prospects.

Shares of Serco Group plc (LON:SRP - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 242.20 ($3.23) and last traded at GBX 241.40 ($3.22), with a volume of 235640 shares traded. The stock had previously closed at GBX 241.20 ($3.21).

Analysts Set New Price Targets

Several brokerages have issued reports on SRP. Citigroup cut their price objective on shares of Serco Group from GBX 281 to GBX 273 and set a "buy" rating for the company in a research report on Friday, August 29th. Berenberg Bank restated a "buy" rating and set a GBX 270 price objective on shares of Serco Group in a research report on Tuesday, September 2nd. Jefferies Financial Group raised their price objective on shares of Serco Group from GBX 175 to GBX 230 and gave the stock a "hold" rating in a research report on Thursday, September 11th. Shore Capital restated a "hold" rating on shares of Serco Group in a research report on Thursday, August 7th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Serco Group from GBX 210 to GBX 215 and gave the stock a "hold" rating in a research report on Friday, August 8th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, Serco Group currently has a consensus rating of "Hold" and an average price target of GBX 247.

Serco Group Price Performance

The company's fifty day moving average price is GBX 226.79 and its 200 day moving average price is GBX 200.69. The company has a market capitalization of £2.42 billion, a P/E ratio of 4,821.51, a PEG ratio of 3.06 and a beta of 0.38. The company has a quick ratio of 0.98, a current ratio of 0.91 and a debt-to-equity ratio of 62.40.

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 net margin of 2.87% and a return on equity of 13.70%. As a group, sell-side analysts forecast that Serco Group plc will post 17.552759 EPS for the current year.

Insider Activity at Serco Group

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

About Serco Group

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.