Serco Group (LON:SRP) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Serco Group plc (LON:SRP) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 273.84 and traded as high as GBX 275.20. Serco Group shares last traded at GBX 268.60, with a volume of 1,413,668 shares traded.

Wall Street Analysts Forecast Growth

SRP has been the subject of several analyst reports. Berenberg Bank reissued a “buy” rating and set a GBX 350 price target on shares of Serco Group in a report on Friday, August 7th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 230 price objective on shares of Serco Group in a report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 255 price objective on shares of Serco Group in a report on Friday, June 26th. Finally, Citigroup lifted their price objective on shares of Serco Group from GBX 371 to GBX 372 and gave the company a “buy” rating in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Serco Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 301.75.

Serco Group Price Performance

The firm has a market capitalization of £2.63 billion, a P/E ratio of 19.09, a price-to-earnings-growth ratio of 3.06 and a beta of 0.51. The business has a fifty day moving average of GBX 240.87 and a 200-day moving average of GBX 273.84. The company has a debt-to-equity ratio of 104.16, a quick ratio of 0.98 and a current ratio of 0.92.

Serco Group (LON:SRP) last posted its earnings results on Thursday, August 6th. The company reported GBX 9.69 EPS for the quarter. Serco Group had a return on equity of 17.55% and a net margin of 3.06%. On average, sell-side analysts forecast that Serco Group plc will post 17.552759 EPS for the current fiscal year.

About Serco Group