Serco Group (LON:SRP) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Serco Group plc (LON:SRP) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 197.63 ($2.66) and traded as high as GBX 237.80 ($3.21). Serco Group shares last traded at GBX 236.02 ($3.18), with a volume of 1,400,194 shares.

Analysts Set New Price Targets

Several research firms have weighed in on SRP. Deutsche Bank Aktiengesellschaft increased their price objective on Serco Group from GBX 210 to GBX 215 and gave the stock a “hold” rating in a report on Friday, August 8th. Berenberg Bank reiterated a “buy” rating and issued a GBX 270 price target on shares of Serco Group in a report on Tuesday, September 2nd. Citigroup decreased their price objective 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 reaffirmed a “hold” rating on shares of Serco Group in a research report on Thursday, August 7th. Finally, Jefferies Financial Group lifted their target price on shares of Serco Group from GBX 175 to GBX 230 and gave the company a “hold” rating in a research note on Thursday, September 11th. 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, the stock currently has an average rating of “Hold” and a consensus target price of GBX 247.

Serco Group Stock 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 firm has a market cap of £2.37 billion, a P/E ratio of 4,717.13, a P/E/G ratio of 3.06 and a beta of 0.38. The business has a fifty day simple moving average of GBX 223.18 and a 200-day simple moving average of GBX 197.63.

Serco Group (LON:SRP) last released its earnings results on Thursday, August 7th. The company reported GBX 9.74 earnings per share for the quarter. Serco Group had a net margin of 2.87% and a return on equity of 13.70%. On average, sell-side analysts predict that Serco Group plc will post 17.552759 EPS for the current fiscal year.

Insider Buying and Selling at Serco Group

In other Serco Group news, insider John Rishton bought 43,086 shares of the stock in a transaction dated Tuesday, August 26th. The stock was purchased at an average cost of GBX 225 per share, for a total transaction of £96,943.50. Corporate insiders own 1.00% of the company’s stock.

Serco Group Company Profile