Serco Group (LON:SRP) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Serco Group plc (LON:SRP)’s share price 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.

Analyst Upgrades and Downgrades

SRP has been the subject of several recent research reports. Shore Capital reiterated a “hold” rating on shares of Serco Group in a research report on Thursday, August 7th. Jefferies Financial Group raised their target price on shares of Serco Group from GBX 175 to GBX 230 and gave the stock a “hold” rating in a research note on Thursday, September 11th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Serco Group from GBX 210 to GBX 215 and gave the company a “hold” rating in a report on Friday, August 8th. Citigroup cut their price target on shares of Serco Group from GBX 281 to GBX 273 and set a “buy” rating for the company in a report on Friday, August 29th. Finally, Berenberg Bank raised 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 given a Hold rating to the stock. According to MarketBeat, Serco Group presently has an average rating of “Hold” and a consensus target price of GBX 254.50.

Serco Group Trading Up 1.1%

The company has a market cap of £2.57 billion, a price-to-earnings ratio of 51.47, a P/E/G ratio of 3.06 and a beta of 0.38. The business has a fifty day simple moving average of GBX 245.20 and a 200 day simple moving average of 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.

About Serco Group