Serco Group (LON:SRP) Stock Falls 1.4% – Time to Sell?

Serco Group plc (LON:SRP)’s share price traded down 1.4% on Wednesday. The company traded as low as GBX 285.80 and last traded at GBX 285.80. 1,248,056 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 12,154,209 shares. The stock had previously closed at GBX 290.

Wall Street Analyst Weigh In

Several brokerages have commented on SRP. Berenberg Bank boosted their price target on shares of Serco Group from GBX 350 to GBX 400 and gave the stock a “buy” rating in a research report on Tuesday, October 13th. Citigroup raised their price objective on Serco Group from GBX 371 to GBX 372 and gave the company a “buy” rating in a report on Friday, August 7th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Serco Group has an average rating of “Moderate Buy” and a consensus target price of GBX 314.25.

Serco Group Price Performance

The stock has a market cap of £2.72 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 3.06 and a beta of 0.52. The company has a 50-day simple moving average of GBX 265.97 and a two-hundred day simple moving average of GBX 271.01. The company has a debt-to-equity ratio of 104.16, a quick ratio of 0.98 and a current ratio of 0.92.

About Serco Group

Serco brings together the right people, the right technology, and the right partners to create innovative solutions that make a positive impact and address some of the most urgent and complex challenges facing the modern world. With a primary focus on serving governments globally, Serco’s services are powered by more than 50,000 people working across defence, space, migration, justice, healthcare, mobility, and customer services. Serco’s core capabilities include service design and advisory, resourcing, complex programme management, systems integration, case management, engineering, and asset & facilities management.