Serco Group (LON:SRP) Hits New 52-Week High – What’s Next?

Shares of Serco Group plc (LON:SRP) reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 280 and last traded at GBX 278.62, with a volume of 4884854 shares. The stock had previously closed at GBX 278.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Jefferies Financial Group increased their target price on shares of Serco Group from GBX 175 to GBX 230 and gave the company a “hold” rating in a report on Thursday, September 11th. Berenberg Bank raised their price objective on Serco Group from GBX 270 to GBX 300 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Finally, Citigroup decreased their price objective on Serco Group from GBX 281 to GBX 273 and set a “buy” rating on the stock in a report on Friday, August 29th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Serco Group has an average rating of “Hold” and a consensus target price of GBX 254.50.

Serco Group Trading Down 0.8%

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 company has a market capitalization of £2.72 billion, a PE ratio of 54.70, a price-to-earnings-growth ratio of 3.06 and a beta of 0.38. The stock’s fifty day moving average price is GBX 254.67 and its two-hundred day moving average price is GBX 230.10.

Serco Group Company Profile