Serco Group (LON:SRP) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Serco Group plc (LON:SRP)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 252.08 and traded as high as GBX 305.20. Serco Group shares last traded at GBX 300.75, with a volume of 2,944,298 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank raised their price target on Serco Group from GBX 270 to GBX 300 and gave the company a “buy” rating in a report on Wednesday, October 29th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of GBX 254.50.

Serco Group Stock Performance

The company has a market cap of £2.97 billion, a P/E ratio of 59.80, a price-to-earnings-growth ratio of 3.06 and a beta of 0.38. The stock has a 50 day moving average price of GBX 284.85 and a two-hundred day moving average price of GBX 252.08. 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