Serco Group (LON:SRP) Cut to Hold at Shore Capital

Shore Capital downgraded shares of Serco Group (LON:SRP) to a hold rating in a report published on Wednesday, MarketBeat Ratings reports.

Separately, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Serco Group in a report on Friday, August 30th.

Serco Group Stock Performance

LON:SRP opened at GBX 156.70 ($1.97) on Wednesday. The business’s fifty day moving average price is GBX 174.50 and its 200 day moving average price is GBX 177.20. The firm has a market capitalization of £1.61 billion, a PE ratio of 1,205.38, a price-to-earnings-growth ratio of 3.06 and a beta of 0.38. Serco Group has a 12 month low of GBX 149.90 ($1.89) and a 12 month high of GBX 196.40 ($2.48). The company has a debt-to-equity ratio of 77.78, a current ratio of 0.91 and a quick ratio of 0.98.

Serco Group Company Profile

Serco Group plc provides public services in the United Kingdom, Europe, North America, the Asia Pacific, and the Middle East. It offers service design and advisory, resourcing, programmes management, systems integration, case management, engineering, and assets and facilities management services. The company also provides administrative and back office, asylum seeker accommodation or passenger transport services; supports in the decarbonization journeys of customers and society, including installation of ground source heat pumps, solar panels, and energy efficiency upgrades; ecosystem restoration and biodiversity services comprising plantation; reforestation services; and a rage of support services for environmental protection.