Serco Group (LON:SRP) Stock Passes Above 200 Day Moving Average - Time to Sell?

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.

Serco Group plc (LON:SRP - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 188.70 ($2.58) and traded as high as GBX 221.60 ($3.02). Serco Group shares last traded at GBX 219.80 ($3.00), with a volume of 3,826,385 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their target price 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. Citigroup cut their price objective on Serco Group from GBX 281 to GBX 273 and set a "buy" rating for the company in a report on Friday, August 29th. Jefferies Financial Group lifted their price objective on Serco Group from GBX 175 to GBX 230 and gave the company 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 note on Thursday, August 7th. Finally, Berenberg Bank reaffirmed a "buy" rating and set a GBX 270 price target on shares of Serco Group in a research note on Tuesday, September 2nd. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Serco Group presently has an average rating of "Hold" and an average price target of GBX 247.

Serco Group Stock Performance

The stock has a fifty day moving average price of GBX 217.70 and a 200 day moving average price of GBX 190.63. 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 market cap of £2.21 billion, a price-to-earnings ratio of 4,368.29, a price-to-earnings-growth ratio of 3.06 and a beta of 0.38.

Serco Group (LON:SRP - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported GBX 9.74 earnings per share for the quarter. Serco Group had a return on equity of 13.70% and a net margin of 2.87%. As a group, analysts predict that Serco Group plc will post 17.552759 earnings per share for the current year.

Insider Transactions at Serco Group

In other news, insider John Rishton bought 43,086 shares of the stock in a transaction that occurred on Tuesday, August 26th. The shares were acquired at an average cost of GBX 225 per share, for a total transaction of £96,943.50. Insiders own 0.99% of the company's stock.

Serco Group Company Profile