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

Key Points

• Serco Group's shares have crossed above their 200-day moving average during recent trading, with the stock currently priced at GBX 221.94 ($3.01).
• Analysts have mixed ratings on Serco Group; with a consensus rating of "Hold" and target prices ranging from GBX 215 to GBX 270.
• In an insider transaction, John Rishton purchased 43,086 shares at an average cost of GBX 225, indicating confidence in the company's performance.

Serco Group plc (LON:SRP - Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 191.25 ($2.58) and traded as high as GBX 223.40 ($3.02). Serco Group shares last traded at GBX 221.94 ($3.00), with a volume of 2,497,881 shares traded.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Serco Group from GBX 210 to GBX 215 and gave the company a "hold" rating in a research note on Friday, August 8th. Jefferies Financial Group increased their target price on Serco Group from GBX 175 to GBX 230 and gave the stock a "hold" rating in a research report on Thursday, September 11th. Citigroup lowered their price target on Serco Group from GBX 281 to GBX 273 and set a "buy" rating on the stock in a report on Friday, August 29th. Shore Capital reaffirmed a "hold" rating on shares of Serco Group in a report on Thursday, August 7th. Finally, Berenberg Bank reiterated a "buy" rating and set a GBX 270 price objective on shares of Serco Group in a research report on Tuesday, September 2nd. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of GBX 247.

Serco Group Trading Up 0.9%

The company's 50 day moving average price is GBX 218.50 and its two-hundred day moving average price is GBX 192.41. The firm has a market cap of £2.24 billion, a PE ratio of 4,427.21, a P/E/G ratio of 3.06 and a beta of 0.38. The company has a quick ratio of 0.98, a current ratio of 0.91 and a debt-to-equity ratio of 62.40.

Serco Group (LON:SRP - Get Free Report) last issued its quarterly 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%. As a group, sell-side analysts forecast that Serco Group plc will post 17.552759 EPS for the current year.

Insider Activity

In other Serco Group news, insider John Rishton acquired 43,086 shares of the business's stock in a transaction on Tuesday, August 26th. The shares were bought at an average price 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