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

Serco Group plc (LON:SRP) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 207.25 and traded as high as GBX 256.60. Serco Group shares last traded at GBX 255, with a volume of 33,268,105 shares trading hands.

Analyst Ratings Changes

A number of research analysts have recently commented on SRP shares. Shore Capital reaffirmed a “hold” rating on shares of Serco Group in a research note on Thursday, August 7th. Jefferies Financial Group upped their price objective on shares of Serco Group from GBX 175 to GBX 230 and gave the company a “hold” rating in a research note on Thursday, September 11th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 270 price objective on shares of Serco Group in a research note on Tuesday, September 2nd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Serco Group from GBX 210 to GBX 215 and gave the company a “hold” rating in a research note on Friday, August 8th. Finally, Citigroup dropped their price objective on shares of Serco Group from GBX 281 to GBX 273 and set a “buy” rating for the company in a research note on Friday, August 29th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of GBX 247.

Serco Group Stock Performance

The stock’s 50-day moving average is GBX 232.06 and its 200-day moving average is GBX 207.25. The stock has a market cap of £2.56 billion, a price-to-earnings ratio of 50.96, a P/E/G ratio of 3.06 and a beta of 0.38. The company has a current ratio of 0.91, a quick ratio of 0.98 and a debt-to-equity ratio of 62.40.

Serco Group (LON:SRP) last posted its earnings results on Thursday, August 7th. The company reported GBX 9.74 earnings per share (EPS) for the quarter. Serco Group had a net margin of 2.87% and a return on equity of 13.70%. On average, analysts expect that Serco Group plc will post 17.552759 EPS for the current year.

Insider Transactions at Serco Group

In other Serco Group news, insider John Rishton bought 43,086 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The stock was purchased at an average price of GBX 225 per share, with a total value of £96,943.50. Company insiders own 1.00% of the company’s stock.

Serco Group Company Profile