Serco Group plc (LON:SRP) Insider Sells £395,069.58 in Stock

Serco Group plc (LON:SRP) insider Nigel Crossley sold 212,403 shares of the business’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of GBX 186 ($2.35), for a total transaction of £395,069.58 ($500,024.78).

Serco Group Stock Performance

Shares of SRP stock opened at GBX 186 ($2.35) on Friday. The company’s fifty day simple moving average is GBX 183.91 and its 200-day simple moving average is GBX 165.19. The company has a quick ratio of 0.98, a current ratio of 0.87 and a debt-to-equity ratio of 63.84. The firm has a market cap of £2.03 billion, a PE ratio of 1,033.33, a P/E/G ratio of 3.06 and a beta of 0.38. Serco Group plc has a 12 month low of GBX 135.30 ($1.71) and a 12 month high of GBX 193.10 ($2.44).

Serco Group Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, April 18th will be issued a dividend of GBX 2.27 ($0.03) per share. This represents a yield of 1.27%. This is an increase from Serco Group’s previous dividend of $1.14. The ex-dividend date of this dividend is Thursday, April 18th. Serco Group’s payout ratio is presently 1,666.67%.

Analysts Set New Price Targets

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

Serco Group Company Profile

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.