Serco Group (LON:SRP) Stock Passes Above 200 Day Moving Average – Time to Sell?

Serco Group plc (LON:SRP)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 255.52 and traded as high as GBX 302.80. Serco Group shares last traded at GBX 299.80, with a volume of 6,323,579 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank upped their price objective on shares of Serco Group from GBX 270 to GBX 300 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of GBX 254.50.

Serco Group Stock Up 0.1%

The firm has a market cap of £2.97 billion, a price-to-earnings ratio of 59.76, a PEG ratio of 3.06 and a beta of 0.38. The firm has a 50 day moving average of GBX 289.61 and a 200 day moving average of GBX 255.52. 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