Serco Group (LON:SRP) Stock Price Crosses Above Two Hundred Day Moving Average of $169.19

Serco Group plc (LON:SRPGet Rating) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 169.19 ($2.00) and traded as high as GBX 171.30 ($2.03). Serco Group shares last traded at GBX 170 ($2.01), with a volume of 2,682,125 shares changing hands.

Wall Street Analyst Weigh In

SRP has been the topic of several recent research reports. Shore Capital reaffirmed a “buy” rating on shares of Serco Group in a research report on Monday, September 12th. Citigroup reaffirmed a “buy” rating and set a GBX 255 ($3.02) target price on shares of Serco Group in a research report on Friday, August 5th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 215 ($2.54) target price on shares of Serco Group in a research report on Monday, September 12th. Barclays reaffirmed an “overweight” rating and set a GBX 200 ($2.36) target price on shares of Serco Group in a research report on Friday, August 5th. Finally, Royal Bank of Canada raised their price objective on Serco Group from GBX 205 ($2.42) to GBX 210 ($2.48) and gave the stock an “outperform” rating in a research report on Friday, August 5th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Serco Group has an average rating of “Buy” and a consensus price target of GBX 197.13 ($2.33).

Serco Group Price Performance

The stock has a market cap of £1.99 billion and a price-to-earnings ratio of 1,307.69. The company has a current ratio of 1.01, a quick ratio of 0.98 and a debt-to-equity ratio of 72.84. The stock has a 50-day moving average price of GBX 161.57 and a two-hundred day moving average price of GBX 169.19.

Insider Buying and Selling

In related news, insider Rupert Soames sold 1,885,000 shares of the firm’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of GBX 162 ($1.92), for a total value of £3,053,700 ($3,610,854.91).

About Serco Group

(Get Rating)

Serco Group plc provides public services in the United Kingdom, Europe, North America, the Asia Pacific, and the Middle East. The company offers base and operational support engineering, and management and information, as well as nuclear, space, and maritime services for the defense sector; and custodial, immigration detention, and detainee transport and monitoring services for the justice and immigration sectors.

Further Reading

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