Serco Group (LON:SRP) Stock Passes Above Two Hundred Day Moving Average of $166.40

Serco Group plc (LON:SRP)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 166.40 ($2.07) and traded as high as GBX 180.30 ($2.24). Serco Group shares last traded at GBX 178.10 ($2.22), with a volume of 1,784,201 shares.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a “buy” rating on shares of Serco Group in a report on Monday, February 26th.

Serco Group Trading Down 0.1 %

The company has a market cap of £1.92 billion, a price-to-earnings ratio of 989.44, a price-to-earnings-growth ratio of 3.06 and a beta of 0.38. The company has a debt-to-equity ratio of 63.84, a current ratio of 0.87 and a quick ratio of 0.98. The business has a 50 day simple moving average of GBX 184.28 and a 200 day simple moving average of GBX 166.40.

Serco Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 10th. Shareholders of record on Thursday, April 18th will be issued a dividend of GBX 2.27 ($0.03) per share. The ex-dividend date is Thursday, April 18th. This represents a yield of 1.27%. This is a positive change from Serco Group’s previous dividend of $1.14. Serco Group’s dividend payout ratio is currently 1,666.67%.

Insider Buying and Selling at Serco Group

In other news, insider Nigel Crossley sold 212,403 shares of the stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of GBX 186 ($2.32), for a total transaction of £395,069.58 ($491,808.27). Corporate insiders own 2.00% of the company’s stock.

About Serco Group

Serco Group plc provides public services in the United Kingdom, Europe, North America, the Asia Pacific, and the Middle East. It offers service design and advisory, resourcing, programmes management, systems integration, case management, engineering, and assets and facilities management services. The company also provides administrative and back office, asylum seeker accommodation or passenger transport services; supports in the decarbonization journeys of customers and society, including installation of ground source heat pumps, solar panels, and energy efficiency upgrades; ecosystem restoration and biodiversity services comprising plantation; reforestation services; and a rage of support services for environmental protection.