Serco Group (LON:SRP) Shares Cross Above 200 Day Moving Average - What's Next?

Key Points

• Serco Group shares crossed above the 200-day moving average, trading at GBX 228.71 ($3.08), indicating potential upward momentum in the stock's performance.
• Wall Street analysts have a mostly positive outlook, with three analysts rating it as a "buy" and an average price target of GBX 252.67.
• Financial metrics show a debt-to-equity ratio of 62.40 and a current ratio of 0.91, suggesting a focus on managing debt and liquidity.

Shares of Serco Group plc (LON:SRP - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 183.95 ($2.47) and traded as high as GBX 229.60 ($3.09). Serco Group shares last traded at GBX 228.71 ($3.08), with a volume of 1,577,297 shares trading hands.

Wall Street Analysts Forecast Growth

SRP has been the subject of a number of recent analyst reports. Shore Capital restated a "hold" rating on shares of Serco Group in a report on Thursday, August 7th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Serco Group from GBX 210 to GBX 215 and gave the company a "hold" rating in a report on Friday, August 8th. Citigroup decreased their price target on shares of Serco Group from GBX 281 to GBX 273 and set a "buy" rating for the company in a report on Monday, August 11th. Finally, Berenberg Bank increased their target price on shares of Serco Group from GBX 220 to GBX 270 and gave the company a "buy" rating in a research note on Thursday, August 7th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Serco Group has an average rating of "Moderate Buy" and an average price target of GBX 252.67.

Serco Group Trading Down 1.1%

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's 50 day moving average is GBX 211.20 and its two-hundred day moving average is GBX 183.95. The firm has a market cap of £2.29 billion, a P/E ratio of 17.62, a PEG ratio of 3.06 and a beta of 0.38.

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

Serco Group Company Profile

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