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

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.

Serco Group plc (LON:SRP - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 183.95 ($2.48) and traded as high as GBX 229.60 ($3.10). Serco Group shares last traded at GBX 228.71 ($3.09), with a volume of 1,577,297 shares traded.

Wall Street Analysts Forecast Growth

SRP has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of Serco Group from GBX 210 to GBX 215 and gave the stock a "hold" rating in a research note on Friday, August 8th. Citigroup reduced their price target on shares of Serco Group from GBX 281 to GBX 273 and set a "buy" rating for the company in a research note on Friday. Berenberg Bank upped their price target on shares of Serco Group from GBX 220 to GBX 270 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Finally, Shore Capital reaffirmed a "hold" rating on shares of Serco Group in a research note on Thursday, August 7th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of GBX 252.67.

Serco Group Price Performance

The company's 50 day moving average price is GBX 213.12 and its 200-day moving average price is GBX 185.67. The company has a market cap of £2.21 billion, a price-to-earnings ratio of 5,339.15, a PEG ratio of 3.06 and a beta of 0.38. The company has a debt-to-equity ratio of 62.40, a quick ratio of 0.98 and a current ratio of 0.91.

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

Insider Buying and Selling

In other news, insider John Rishton acquired 43,086 shares of Serco Group stock in a transaction on Tuesday, August 26th. The stock was bought at an average cost of GBX 225 per share, with a total value of £96,943.50. Corporate insiders own 0.99% of the company's stock.

About Serco Group