Serco Group (LON:SRP) Shares Cross Above 200 Day Moving Average of $167.75

Serco Group plc (LON:SRP) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 167.75 ($2.07) and traded as high as GBX 182.60 ($2.26). Serco Group shares last traded at GBX 181.90 ($2.25), with a volume of 1,608,026 shares traded.

Analysts Set New Price Targets

Separately, Shore Capital reissued a “buy” rating on shares of Serco Group in a research report on Monday, February 26th.

Serco Group Price Performance

The company has a market capitalization of £1.96 billion, a P/E ratio of 1,010.56, a PEG ratio of 3.06 and a beta of 0.38. The stock’s fifty day simple moving average is GBX 184.38 and its 200-day simple moving average is GBX 167.75. The company has a debt-to-equity ratio of 63.84, a current ratio of 0.87 and a quick ratio of 0.98.

Serco Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 18th will be paid a dividend of GBX 2.27 ($0.03) per share. The ex-dividend date of this dividend is Thursday, April 18th. This is a positive change from Serco Group’s previous dividend of $1.14. This represents a dividend yield of 1.27%. Serco Group’s payout ratio is currently 1,666.67%.

Insider Transactions at Serco Group

In other news, insider Nigel Crossley sold 212,403 shares of the business’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of GBX 186 ($2.30), for a total transaction of £395,069.58 ($487,981.20). 2.00% of the stock is owned by company insiders.

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.