Serco Group (LON:SRP) Share Price Passes Above Two Hundred Day Moving Average of $163.50

Serco Group plc (LON:SRPGet Rating) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 163.50 ($1.98) and traded as high as GBX 164.30 ($1.99). Serco Group shares last traded at GBX 161.60 ($1.95), with a volume of 8,239,575 shares traded.

Analyst Upgrades and Downgrades

SRP has been the subject of a number of research analyst reports. Jefferies Financial Group restated a “buy” rating and set a GBX 215 ($2.60) price objective on shares of Serco Group in a report on Monday, September 12th. Royal Bank of Canada lifted their target price on shares of Serco Group from GBX 205 ($2.48) to GBX 210 ($2.54) and gave the stock an “outperform” rating in a research note on Friday, August 5th. Citigroup reiterated a “buy” rating and issued a GBX 255 ($3.08) target price on shares of Serco Group in a research note on Friday, August 5th. JPMorgan Chase & Co. lifted their target price on shares of Serco Group from GBX 155 ($1.87) to GBX 170 ($2.05) and gave the stock an “overweight” rating in a research note on Friday, May 27th. Finally, Barclays reiterated an “overweight” rating and issued a GBX 200 ($2.42) target price on shares of Serco Group in a research note on Friday, August 5th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of GBX 197.13 ($2.38).

Serco Group Price Performance

The business’s 50-day moving average price is GBX 177.49 and its 200 day moving average price is GBX 163.50. The company has a quick ratio of 0.98, a current ratio of 1.01 and a debt-to-equity ratio of 72.84. The company has a market capitalization of £1.92 billion and a P/E ratio of 1,243.08.

Serco Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, October 6th. Stockholders of record on Thursday, September 8th will be given a GBX 0.94 ($0.01) dividend. The ex-dividend date is Thursday, September 8th. This represents a dividend yield of 0.51%. Serco Group’s dividend payout ratio (DPR) is currently 18.54%.

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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