Serco Group (LON:SRP) Shares Pass Above 200-Day Moving Average – What’s Next?

Serco Group plc (LON:SRP)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 160.32 ($2.13) and traded as high as GBX 162.60 ($2.16). Serco Group shares last traded at GBX 162.30 ($2.15), with a volume of 995,115 shares.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a “hold” rating on shares of Serco Group in a research report on Friday, February 7th.

Serco Group Stock Up 0.3 %

The stock’s fifty day simple moving average is GBX 160 and its 200-day simple moving average is GBX 160.33. The stock has a market cap of £1.65 billion, a P/E ratio of 12.68, a PEG ratio of 3.06 and a beta of 0.38. The company has a debt-to-equity ratio of 62.40, a current ratio of 0.91 and a quick ratio of 0.98.

Serco Group (LON:SRP) last released its quarterly earnings data on Thursday, February 27th. The company reported GBX 16.67 ($0.22) EPS for the quarter. Serco Group had a return on equity of 13.70% and a net margin of 2.87%. On average, research analysts anticipate that Serco Group plc will post 17.552759 earnings per share for the current year.

Serco Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 9th. Stockholders of record on Thursday, April 10th will be paid a GBX 2.82 ($0.04) dividend. This represents a dividend yield of 1.77%. This is a boost from Serco Group’s previous dividend of $1.34. The ex-dividend date is Thursday, April 10th. Serco Group’s payout ratio is presently 31.16%.

Insider Activity at Serco Group

In other Serco Group news, insider Nigel Crossley sold 45,409 shares of the firm’s stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of GBX 157 ($2.08), for a total value of £71,292.13 ($94,589.53). 1.67% of the stock is currently owned by company insiders.

Serco Group Company Profile