Serco Group (LON:SRP) Shares Pass Above 200 Day Moving Average – Should You Sell?

Serco Group plc (LON:SRP) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 211.13 and traded as high as GBX 254.60. Serco Group shares last traded at GBX 254.20, with a volume of 2,751,916 shares trading hands.

Analyst Ratings Changes

Several equities analysts recently issued reports on SRP shares. Deutsche Bank Aktiengesellschaft boosted their price objective on Serco Group from GBX 210 to GBX 215 and gave the company a “hold” rating in a research report on Friday, August 8th. Berenberg Bank boosted their price objective on Serco Group from GBX 270 to GBX 300 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Citigroup decreased their price objective on Serco Group from GBX 281 to GBX 273 and set a “buy” rating for the company in a research report on Friday, August 29th. Jefferies Financial Group boosted their price objective on Serco Group from GBX 175 to GBX 230 and gave the company a “hold” rating in a research report on Thursday, September 11th. Finally, Shore Capital reiterated a “hold” rating on shares of Serco Group in a research report on Thursday, August 7th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Serco Group has a consensus rating of “Hold” and a consensus price target of GBX 254.50.

Serco Group Trading Down 0.1%

The company has a debt-to-equity ratio of 62.40, a quick ratio of 0.98 and a current ratio of 0.91. The business has a 50-day simple moving average of GBX 235.25 and a two-hundred day simple moving average of GBX 211.13. The stock has a market cap of £2.53 billion, a price-to-earnings ratio of 50.60, a P/E/G ratio of 3.06 and a beta of 0.38.

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

Insiders Place Their Bets

In other news, insider John Rishton purchased 43,086 shares of Serco Group stock in a transaction 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. 1.01% of the stock is currently owned by company insiders.

Serco Group Company Profile