Serco Group (LON:SRP) Hits New 52-Week High – Time to Buy?

Serco Group plc (LON:SRP) shares hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 284.60 and last traded at GBX 280.60, with a volume of 1089649 shares traded. The stock had previously closed at GBX 280.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SRP shares. Jefferies Financial Group lifted their price objective on Serco Group from GBX 175 to GBX 230 and gave the company a “hold” rating in a research note on Thursday, September 11th. Berenberg Bank increased their price target on shares of Serco Group from GBX 270 to GBX 300 and gave the company a “buy” rating in a report on Wednesday, October 29th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 254.50.

Serco Group Trading Up 0.4%

The company has a debt-to-equity ratio of 62.40, a current ratio of 0.91 and a quick ratio of 0.98. The stock’s 50-day moving average is GBX 261.14 and its two-hundred day moving average is GBX 236.28. The company has a market cap of £2.89 billion, a P/E ratio of 58.29, a P/E/G ratio of 3.06 and a beta of 0.38.

Serco Group Company Profile