Serco Group plc (LON:SRP – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of GBX 258.57 and traded as high as GBX 276.60. Serco Group shares last traded at GBX 275.79, with a volume of 1,416,845 shares trading hands.
Analysts Set New Price Targets
SRP has been the topic of a number of recent analyst reports. Citigroup lifted their target price on Serco Group from GBX 371 to GBX 372 and gave the stock a “buy” rating in a research note on Friday, August 7th. Berenberg Bank increased their price target on shares of Serco Group from GBX 350 to GBX 400 and gave the company a “buy” rating in a research report on Tuesday, October 13th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 255 price target on shares of Serco Group in a research report on Friday, June 26th. Finally, Jefferies Financial Group restated a “hold” rating and set a GBX 230 price objective on shares of Serco Group in a report on Thursday, June 25th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 314.25.
Read Our Latest Analysis on Serco Group
Serco Group Stock Down 1.0%
The company has a quick ratio of 0.98, a current ratio of 0.92 and a debt-to-equity ratio of 104.16. The stock has a 50-day simple moving average of GBX 258.10 and a 200-day simple moving average of GBX 258.36. The firm has a market capitalization of £2.65 billion, a PE ratio of 18.36, a P/E/G ratio of 3.06 and a beta of 0.52.
Serco Group (LON:SRP – Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported GBX 9.69 earnings per share (EPS) for the quarter. Serco Group had a return on equity of 17.55% and a net margin of 3.06%. Analysts forecast that Serco Group plc will post 17.55 EPS for the current year.
Serco Group Company Profile
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