Serco Group plc (LON:SRP - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 200.69 ($2.67) and traded as high as GBX 241.20 ($3.21). Serco Group shares last traded at GBX 239.71 ($3.19), with a volume of 1,574,750 shares trading hands.
Analysts Set New Price Targets
Several brokerages have recently issued reports on SRP. Jefferies Financial Group boosted their price target on shares of Serco Group from GBX 175 to GBX 230 and gave the company a "hold" rating in a report on Thursday, September 11th. 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 report on Friday, August 29th. Shore Capital reissued a "hold" rating on shares of Serco Group in a report on Thursday, August 7th. Deutsche Bank Aktiengesellschaft lifted their price objective 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. Finally, Berenberg Bank restated a "buy" rating and set a GBX 270 price objective on shares of Serco Group in a research note 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. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of GBX 247.
View Our Latest Research Report on Serco Group
Serco Group Trading Down 0.2%
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 firm's 50-day simple moving average is GBX 226.79 and its 200 day simple moving average is GBX 200.69. The stock has a market capitalization of £2.41 billion, a P/E ratio of 4,796.81, a PEG ratio of 3.06 and a beta of 0.38.
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%. Equities research analysts anticipate that Serco Group plc will post 17.552759 EPS for the current fiscal year.
Insider Buying and Selling
In other Serco Group news, insider John Rishton purchased 43,086 shares of the company's stock in a transaction on Tuesday, August 26th. The shares were purchased at an average cost of GBX 225 per share, for a total transaction of £96,943.50. Company insiders own 1.00% of the company's stock.
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