Serco Group (LON:SRP) Reaches New 1-Year High – Time to Buy?

Serco Group plc (LON:SRP)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 262.40 and last traded at GBX 261.20, with a volume of 232396 shares changing hands. The stock had previously closed at GBX 260.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SRP shares. Citigroup cut their target price on Serco Group from GBX 281 to GBX 273 and set a “buy” rating for the company in a research report on Friday, August 29th. Berenberg Bank increased their price objective on shares of Serco Group from GBX 270 to GBX 300 and gave the company a “buy” rating in a report on Wednesday, October 29th. Shore Capital reissued a “hold” rating on shares of Serco Group in a report on Thursday, August 7th. Jefferies Financial Group upped their target price on shares of Serco Group from GBX 175 to GBX 230 and gave the stock a “hold” rating in a research report on Thursday, September 11th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Serco Group from GBX 210 to GBX 215 and gave the company a “hold” rating in a report on Friday, August 8th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of GBX 254.50.

Serco Group Stock Performance

The business’s fifty day moving average is GBX 245.71 and its two-hundred day moving average is GBX 221.74. The stock has a market capitalization of £2.59 billion, a PE ratio of 51.79, a price-to-earnings-growth ratio of 3.06 and a beta of 0.38. The company has a quick ratio of 0.98, a current ratio of 0.91 and a debt-to-equity ratio of 62.40.

About Serco Group