Serco Group (LON:SRP) Reaches New 1-Year High – Still a Buy?

Serco Group plc (LON:SRP)’s stock price hit a new 52-week high on Monday . The company traded as high as GBX 298 and last traded at GBX 297.20, with a volume of 979942 shares. The stock had previously closed at GBX 295.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank boosted 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, October 29th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of GBX 254.50.

Serco Group Price Performance

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 £2.94 billion, a P/E ratio of 59.16, a PEG ratio of 3.06 and a beta of 0.38. The business has a 50 day simple moving average of GBX 266.10 and a 200-day simple moving average of GBX 240.77.

About Serco Group