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Serco Group (LON:SRP) Share Price Crosses Above 200-Day Moving Average - Time to Sell?

Serco Group logo with Industrials background

Key Points

  • Serco Group plc's share price has recently surpassed its 200-day moving average, reaching a high of GBX 221.60 ($3.00) before closing at GBX 219.80 ($2.98).
  • Wall Street analysts have varying opinions on the stock, with two analysts rating it as a Buy and two others as a Hold, indicating a moderate level of caution moving forward.
  • Insider trading activity saw John Rishton purchase 43,086 shares of Serco Group at an average cost of GBX 225, reflecting confidence from management in the company's prospects.
  • Five stocks to consider instead of Serco Group.

Serco Group plc (LON:SRP - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 188.70 ($2.55) and traded as high as GBX 221.60 ($3.00). Serco Group shares last traded at GBX 219.80 ($2.98), with a volume of 3,826,385 shares.

Wall Street Analysts Forecast Growth

SRP has been the subject of a number of recent research reports. Shore Capital reiterated a "hold" rating on shares of Serco Group in a research note on Thursday, August 7th. 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 report on Friday, August 8th. Citigroup cut their price objective on shares of Serco Group from GBX 281 to GBX 273 and set a "buy" rating on the stock in a report on Friday, August 29th. Finally, Berenberg Bank reissued a "buy" rating and set a GBX 270 price objective on shares of Serco Group in a report on Tuesday, September 2nd. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of GBX 252.67.

Check Out Our Latest Stock Report on SRP

Serco Group Stock Down 0.4%

The business's fifty day moving average price is GBX 216.53 and its 200 day moving average price is GBX 188.70. The firm has a market capitalization of £2.21 billion, a price-to-earnings ratio of 4,378.49, a PEG 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.

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%. On average, equities analysts expect 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 business's 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. 0.99% of the stock is owned by insiders.

Serco Group Company Profile

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