Serco Group (LON:SRP) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Serco Group plc (LON:SRPGet Free Report)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 159.84 ($2.13) and traded as high as GBX 165.20 ($2.20). Serco Group shares last traded at GBX 165.20 ($2.20), with a volume of 1,387,191 shares traded.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a “hold” rating on shares of Serco Group in a research report on Friday, February 7th.

Check Out Our Latest Stock Report on Serco Group

Serco Group Stock Performance

The firm has a market cap of £1.67 billion, a P/E ratio of 12.87, a P/E/G ratio of 3.06 and a beta of 0.38. The company has a quick ratio of 0.98, a current ratio of 0.91 and a debt-to-equity ratio of 62.40. The business has a fifty day simple moving average of GBX 160.34 and a 200-day simple moving average of GBX 159.84.

Serco Group (LON:SRPGet Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported GBX 16.67 ($0.22) earnings per share (EPS) for the quarter. Serco Group had a net margin of 2.87% and a return on equity of 13.70%. On average, sell-side analysts predict that Serco Group plc will post 17.552759 EPS for the current fiscal year.

Serco Group Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 9th. Investors of record on Thursday, April 10th will be given a GBX 2.82 ($0.04) dividend. This is an increase from Serco Group’s previous dividend of $1.34. This represents a dividend yield of 1.77%. The ex-dividend date of this dividend is Thursday, April 10th. Serco Group’s payout ratio is currently 31.16%.

Insider Buying and Selling at Serco Group

In other Serco Group news, insider Nigel Crossley sold 192,646 shares of the business’s stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of GBX 153 ($2.04), for a total transaction of £294,748.38 ($393,155.10). 1.67% of the stock is currently owned by company insiders.

Serco Group Company Profile

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