Shore Capital Reaffirms Hold Rating for Serco Group (LON:SRP)

Key Points

• Shore Capital has reaffirmed its "hold" rating for Serco Group (LON:SRP), indicating a neutral stance on the stock's performance.
• Serco Group's stock price experienced a 7.0% increase, opening at GBX 224 ($2.99) on Thursday, reflecting a fluctuation within its 12-month trading range.
• Insider Anthony Kirby purchased 35,300 shares at an average cost of GBX 159 ($2.12) recently, indicating insider confidence in the company.

Serco Group (LON:SRP - Get Free Report)'s stock had its "hold" rating reaffirmed by investment analysts at Shore Capital in a report released on Thursday, MarketBeat reports.

Serco Group Trading Up 7.0%

Serco Group stock opened at GBX 224 ($2.99) on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.98 and a debt-to-equity ratio of 62.40. The business's fifty day simple moving average is GBX 202.44 and its two-hundred day simple moving average is GBX 177.15. Serco Group has a 12 month low of GBX 136.20 ($1.82) and a 12 month high of GBX 228.60 ($3.05). The company has a market capitalization of £2.27 billion, a price-to-earnings ratio of 17.45, a price-to-earnings-growth ratio of 3.06 and a beta of 0.38.

Insider Buying and Selling

In related news, insider Anthony Kirby bought 35,300 shares of the company's stock in a transaction on Friday, May 9th. The shares were acquired at an average cost of GBX 159 ($2.12) per share, with a total value of £56,127 ($74,975.96). Company insiders own 1.67% of the company's stock.

Serco Group Company Profile

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