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

Serco Group plc (LON:SRP) reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 296 and last traded at GBX 292.60, with a volume of 2957565 shares traded. The stock had previously closed at GBX 294.60.

Wall Street Analysts Forecast Growth

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

Serco Group Trading Down 0.3%

The company has a current ratio of 0.91, a quick ratio of 0.98 and a debt-to-equity ratio of 62.40. The stock has a market capitalization of £2.89 billion, a PE ratio of 58.13, a P/E/G ratio of 3.06 and a beta of 0.38. The stock has a 50 day moving average price of GBX 262.75 and a 200-day moving average price of GBX 238.22.

Serco Group Company Profile