Serco Group plc (LON:SRP) Insider Sells £176,409 in Stock

Serco Group plc (LON:SRP – Get Rating) insider Rupert Soames sold 117,606 shares of the company’s stock in a transaction on Tuesday, April 26th. The shares were sold at an average price of GBX 150 ($1.91), for a total transaction of £176,409 ($224,839.41).

Shares of LON:SRP traded up GBX 2.10 ($0.03) during trading hours on Wednesday, hitting GBX 151.80 ($1.93). 1,084,269 shares of the company’s stock traded hands, compared to its average volume of 2,461,158. The company has a debt-to-equity ratio of 80.06, a quick ratio of 0.90 and a current ratio of 0.97. Serco Group plc has a 52 week low of GBX 118.90 ($1.52) and a 52 week high of GBX 153.90 ($1.96). The company has a market cap of £1.84 billion and a price-to-earnings ratio of 6.14. The company’s fifty day simple moving average is GBX 138.78 and its two-hundred day simple moving average is GBX 134.83.

The company also recently disclosed a dividend, which will be paid on Tuesday, June 7th. Shareholders of record on Thursday, May 12th will be paid a dividend of GBX 1.61 ($0.02) per share. The ex-dividend date is Thursday, May 12th. This is a positive change from Serco Group’s previous dividend of $0.80. This represents a yield of 1.28%. Serco Group’s dividend payout ratio is currently 0.09%.

Several research firms recently issued reports on SRP. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 185 ($2.36) price target on shares of Serco Group in a report on Wednesday, March 23rd. Shore Capital reissued a “buy” rating on shares of Serco Group in a report on Monday, February 21st. Peel Hunt reissued a “buy” rating and set a GBX 162 ($2.06) target price on shares of Serco Group in a report on Friday, February 11th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a GBX 190 ($2.42) target price on shares of Serco Group in a report on Thursday, March 24th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 177 ($2.26).

About Serco Group (Get Rating)

Serco Group plc provides public services in the United Kingdom, Europe, North America, the Asia Pacific, and the Middle East. The company offers base and operational support engineering, and management and information, as well as nuclear, space, and maritime services for the defense sector; and custodial, immigration detention, and detainee transport and monitoring services for the justice and immigration sectors.

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