Serco Group (LON:SRP) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Serco Group plc (LON:SRP)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 224.58 and traded as high as GBX 262.80. Serco Group shares last traded at GBX 257.80, with a volume of 31,567,037 shares.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Jefferies Financial Group increased their price target on shares of Serco Group from GBX 175 to GBX 230 and gave the company a “hold” rating in a research report on Thursday, September 11th. Citigroup cut 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. Finally, Berenberg Bank boosted their target price 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 equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of GBX 254.50.

Serco Group Stock Performance

The firm has a market capitalization of £2.55 billion, a PE ratio of 51.35, a price-to-earnings-growth ratio of 3.06 and a beta of 0.38. 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 firm has a 50-day moving average price of GBX 248.82 and a 200 day moving average price of GBX 224.58.

About Serco Group