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

Serco Group plc (LON:SRP) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 248.54 and traded as high as GBX 303.40. Serco Group shares last traded at GBX 301.80, with a volume of 2,199,123 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lifted their price target on Serco Group from GBX 270 to GBX 300 and gave the company a “buy” rating in a report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Serco Group presently has an average rating of “Hold” and a consensus price target of GBX 254.50.

Serco Group Stock Down 0.1%

The firm has a market cap of £2.98 billion, a price-to-earnings ratio of 59.92, a price-to-earnings-growth ratio of 3.06 and a beta of 0.38. The stock’s 50 day moving average is GBX 279.43 and its 200 day moving average is GBX 248.54. The company has a quick ratio of 0.98, a current ratio of 0.91 and a debt-to-equity ratio of 62.40.

About Serco Group