Shore Capital Reiterates Buy Rating for Serco Group (LON:SRP)

Shore Capital reissued their buy rating on shares of Serco Group (LON:SRP – Get Rating) in a report published on Tuesday, MarketBeat Ratings reports.

Serco Group Stock Performance

Shares of SRP stock opened at GBX 154 ($1.91) on Tuesday. The company has a quick ratio of 0.98, a current ratio of 1.01 and a debt-to-equity ratio of 72.84. Serco Group has a 52 week low of GBX 118.90 ($1.47) and a 52 week high of GBX 199 ($2.46). The stock has a market capitalization of £1.79 billion and a PE ratio of 1,180.77. The firm has a 50 day moving average of GBX 160.03 and a two-hundred day moving average of GBX 166.38.

Insider Transactions at Serco Group

In related news, insider Rupert Soames sold 1,885,000 shares of the business’s stock in a transaction on Thursday, November 24th. The shares were sold at an average price of GBX 170 ($2.10), for a total transaction of £3,204,500 ($3,967,438.41).

About Serco Group

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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.