Shares of Serco Group plc (LON:SRP - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 159.14 ($2.16) and traded as high as GBX 187.40 ($2.54). Serco Group shares last traded at GBX 185.07 ($2.51), with a volume of 3,772,973 shares changing hands.
Analysts Set New Price Targets
Separately, Shore Capital reiterated a "hold" rating on shares of Serco Group in a report on Friday, February 7th.
Get Our Latest Analysis on Serco Group
Serco Group Trading Down 0.1%
The company has a debt-to-equity ratio of 62.40, a quick ratio of 0.98 and a current ratio of 0.91. The stock has a market cap of £1.89 billion, a price-to-earnings ratio of 14.53, a price-to-earnings-growth ratio of 3.06 and a beta of 0.38. The company's 50 day simple moving average is GBX 167.72 and its two-hundred day simple moving average is GBX 159.43.
Serco Group (LON:SRP - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported GBX 16.67 ($0.23) earnings per share (EPS) for the quarter. Serco Group had a return on equity of 13.70% and a net margin of 2.87%. Research analysts expect that Serco Group plc will post 17.552759 EPS for the current fiscal year.
Serco Group Increases Dividend
The company also recently declared a dividend, which was paid on Friday, May 9th. Investors of record on Thursday, April 10th were paid a GBX 2.82 ($0.04) dividend. This is a boost from Serco Group's previous dividend of $1.34. The ex-dividend date of this dividend was Thursday, April 10th. This represents a dividend yield of 1.77%. Serco Group's payout ratio is presently 31.16%.
Insider Buying and Selling
In related news, insider Nigel Crossley sold 192,646 shares of the company's stock in a transaction on Monday, April 7th. The shares were sold at an average price of GBX 153 ($2.08), for a total value of £294,748.38 ($399,929.96). Also, insider Anthony Kirby acquired 35,300 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was bought at an average cost of GBX 159 ($2.16) per share, for a total transaction of £56,127 ($76,156.04). 1.67% of the stock is currently owned by corporate insiders.
About Serco Group
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