Serco Group (LON:SRP) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Serco Group plc (LON:SRP) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 221.19 and traded as high as GBX 259. Serco Group shares last traded at GBX 256.89, with a volume of 242,912,672 shares.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Citigroup dropped their target price on Serco Group from GBX 281 to GBX 273 and set a “buy” rating on the stock in a report on Friday, August 29th. Deutsche Bank Aktiengesellschaft upped their price target on Serco Group from GBX 210 to GBX 215 and gave the company a “hold” rating in a report on Friday, August 8th. Berenberg Bank raised their price objective on shares of Serco Group from GBX 270 to GBX 300 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Jefferies Financial Group boosted their price objective on shares of Serco Group from GBX 175 to GBX 230 and gave the stock a “hold” rating in a research report on Thursday, September 11th. Finally, Shore Capital reaffirmed a “hold” rating on shares of Serco Group in a research report on Thursday, August 7th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 254.50.

Serco Group Stock Up 1.1%

The business’s fifty day moving average price is GBX 245.20 and its 200 day moving average price is GBX 221.19. 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 firm has a market capitalization of £2.57 billion, a PE ratio of 51.47, a PEG ratio of 3.06 and a beta of 0.38.

About Serco Group