Serco Group (LON:SRP) Hits New 52-Week High – Should You Buy?

Serco Group plc (LON:SRP) shares hit a new 52-week high on Friday . The stock traded as high as GBX 260.20 and last traded at GBX 253.80, with a volume of 156143 shares. The stock had previously closed at GBX 254.20.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on SRP shares. Citigroup decreased their target price on shares of Serco Group from GBX 281 to GBX 273 and set a “buy” rating for the company in a research note on Friday, August 29th. Berenberg Bank raised their price objective on shares of Serco Group from GBX 270 to GBX 300 and gave the company a “buy” rating in a research report on Wednesday. Shore Capital restated a “hold” rating on shares of Serco Group in a research report on Thursday, August 7th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Serco Group from GBX 210 to GBX 215 and gave the company a “hold” rating in a research report on Friday, August 8th. Finally, Jefferies Financial Group raised their price objective on shares of Serco Group from GBX 175 to GBX 230 and gave the company a “hold” rating in a research report on Thursday, September 11th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Serco Group presently has an average rating of “Hold” and an average target price of GBX 254.50.

Serco Group Stock Performance

The stock’s 50-day moving average price is GBX 233.61 and its 200-day moving average price is GBX 209.24. The company has a debt-to-equity ratio of 62.40, a quick ratio of 0.98 and a current ratio of 0.91. The company has a market capitalization of £2.56 billion, a price-to-earnings ratio of 50.91, a P/E/G ratio of 3.06 and a beta of 0.38.

Serco Group (LON:SRP) last posted its quarterly earnings results on Thursday, August 7th. The company reported GBX 9.74 earnings per share (EPS) for the quarter. Serco Group had a net margin of 2.87% and a return on equity of 13.70%. As a group, equities research analysts expect that Serco Group plc will post 17.552759 earnings per share for the current year.

Insider Activity

In related news, insider John Rishton purchased 43,086 shares of Serco Group stock in a transaction dated Tuesday, August 26th. The stock was bought at an average cost of GBX 225 per share, for a total transaction of £96,943.50. Insiders own 1.00% of the company’s stock.

Serco Group Company Profile