Serco Group (LON:SRP) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Serco Group plc (LON:SRP)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 214.31 and traded as high as GBX 248. Serco Group shares last traded at GBX 246.20, with a volume of 1,410,157 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group boosted their price target 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. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Serco Group from GBX 210 to GBX 215 and gave the stock a “hold” rating in a research note on Friday, August 8th. Citigroup dropped their target price on shares of Serco Group from GBX 281 to GBX 273 and set a “buy” rating on the stock in a report on Friday, August 29th. Berenberg Bank increased their price target on Serco Group from GBX 270 to GBX 300 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Finally, Shore Capital reissued a “hold” rating on shares of Serco Group in a research report on Thursday, August 7th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 254.50.

Serco Group Stock Down 0.6%

The company has a market cap of £2.44 billion, a price-to-earnings ratio of 48.76, a P/E/G ratio of 3.06 and a beta of 0.38. The stock’s 50-day moving average is GBX 238.72 and its 200-day moving average is GBX 214.31. The company has a current ratio of 0.91, a quick ratio of 0.98 and a debt-to-equity ratio of 62.40.

Insider Buying and Selling at Serco Group

In related news, insider John Rishton acquired 43,086 shares of the business’s stock in a transaction dated Tuesday, August 26th. The shares were bought at an average price of GBX 225 per share, with a total value of £96,943.50. Corporate insiders own 1.01% of the company’s stock.

Serco Group Company Profile