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

Serco Group logo with Industrials background

Key Points

  • Serco Group's stock price has crossed above its 200-day moving average, indicating positive momentum with the stock trading at GBX 210.33 ($2.80).
  • The company has received a "house stock" rating from Shore Capital, suggesting analyst confidence in its performance.
  • Insider Anthony Kirby purchased 35,300 shares at an average price of GBX 159 ($2.11), highlighting insider confidence in the company's future prospects.
  • Five stocks we like better than Serco Group.

Serco Group plc (LON:SRP - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 176.70 ($2.35) and traded as high as GBX 211.20 ($2.81). Serco Group shares last traded at GBX 210.33 ($2.80), with a volume of 8,206,166 shares.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a "house stock" rating on shares of Serco Group in a research report on Thursday, June 26th.

Get Our Latest Stock Report on Serco Group

Serco Group Stock Performance

The stock has a market cap of £2.13 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 3.06 and a beta of 0.38. The stock's fifty day moving average is GBX 201.55 and its 200-day moving average is GBX 176.70. The company has a quick ratio of 0.98, a current ratio of 0.91 and a debt-to-equity ratio of 62.40.

Insider Transactions at Serco Group

In other news, insider Anthony Kirby acquired 35,300 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average price of GBX 159 ($2.11) per share, for a total transaction of £56,127 ($74,597.29). Corporate insiders own 1.67% of the company's stock.

Serco Group Company Profile

(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.

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