Serco Group (LON:SRP) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Serco Group plc (LON:SRP)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 214.31 and traded as high as GBX 248. Serco Group shares last traded at GBX 246.20, with a volume of 1,410,157 shares changing hands.

Analyst Ratings Changes

A number of research firms recently issued reports on SRP. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Serco Group from GBX 210 to GBX 215 and gave the stock a “hold” rating in a research report on Friday, August 8th. Jefferies Financial Group upped their price target on shares of Serco Group from GBX 175 to GBX 230 and gave the stock a “hold” rating in a report on Thursday, September 11th. Berenberg Bank increased their price target on Serco Group from GBX 270 to GBX 300 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Citigroup reduced their price objective on Serco Group from GBX 281 to GBX 273 and set a “buy” rating on the stock in a research report on Friday, August 29th. Finally, Shore Capital reaffirmed a “hold” rating on shares of Serco Group in a report on Thursday, August 7th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Serco Group has an average rating of “Hold” and a consensus target price of GBX 254.50.

Serco Group Trading Down 0.6%

The company has a market cap of £2.44 billion, a price-to-earnings ratio of 48.76, a price-to-earnings-growth ratio of 3.06 and a beta of 0.38. The business’s fifty day moving average price is GBX 238.72 and its 200 day moving average price is GBX 214.31. The company has a debt-to-equity ratio of 62.40, a current ratio of 0.91 and a quick ratio of 0.98.

Insider Transactions at Serco Group

In related news, insider John Rishton bought 43,086 shares of the business’s stock in a transaction on Tuesday, August 26th. The shares were purchased at an average cost of GBX 225 per share, with a total value of £96,943.50. 1.01% of the stock is currently owned by corporate insiders.

About Serco Group