Shares of Serco Group plc (LON:SRP - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 191.25 ($2.59) and traded as high as GBX 223.40 ($3.03). Serco Group shares last traded at GBX 221.94 ($3.01), with a volume of 2,497,881 shares traded.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on SRP shares. Berenberg Bank reaffirmed a "buy" rating and set a GBX 270 target price on shares of Serco Group in a research note on Tuesday, September 2nd. Shore Capital reaffirmed a "hold" rating on shares of Serco Group in a research note on Thursday, August 7th. Deutsche Bank Aktiengesellschaft upped their target price on Serco Group from GBX 210 to GBX 215 and gave the stock a "hold" rating in a research note on Friday, August 8th. Jefferies Financial Group upped their target price on Serco Group from GBX 175 to GBX 230 and gave the stock a "hold" rating in a research note on Thursday, September 11th. Finally, Citigroup reduced their target price on Serco Group from GBX 281 to GBX 273 and set a "buy" rating for the company in a research note on Friday, August 29th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, Serco Group has a consensus rating of "Hold" and an average target price of GBX 247.
Read Our Latest Analysis on SRP
Serco Group Price Performance
The company has a quick ratio of 0.98, a current ratio of 0.91 and a debt-to-equity ratio of 62.40. The stock has a market capitalization of £2.23 billion, a PE ratio of 4,421.10, a PEG ratio of 3.06 and a beta of 0.38. The company has a 50-day moving average of GBX 218.14 and a 200 day moving average of GBX 191.25.
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 return on equity of 13.70% and a net margin of 2.87%. Sell-side analysts predict that Serco Group plc will post 17.552759 EPS for the current year.
Insider Activity at Serco Group
In other news, insider John Rishton purchased 43,086 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The stock was purchased 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.
About Serco Group
(
Get Free Report)
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Serco Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Serco Group wasn't on the list.
While Serco Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
