Serco Group (LON:SRP) Stock Price Crosses Above 200 Day Moving Average of $143.75

Serco Group plc (LON:SRPGet Rating)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 143.75 ($1.76) and traded as high as GBX 175.70 ($2.15). Serco Group shares last traded at GBX 172.30 ($2.11), with a volume of 2,827,526 shares trading hands.

SRP has been the subject of several research analyst reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 185 ($2.27) price objective on shares of Serco Group in a research note on Wednesday, March 23rd. Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 190 ($2.33) price objective on shares of Serco Group in a research note on Thursday, March 24th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Serco Group from GBX 155 ($1.90) to GBX 170 ($2.08) and gave the company an “overweight” rating in a research note on Friday, May 27th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 176.13 ($2.16).

The firm has a market cap of £2.07 billion and a P/E ratio of 7.09. The stock’s 50 day simple moving average is GBX 160.79 and its 200 day simple moving average is GBX 143.95. The company has a debt-to-equity ratio of 80.06, a quick ratio of 0.90 and a current ratio of 0.97.

In other Serco Group news, insider Rupert Soames sold 574,897 shares of Serco Group stock in a transaction on Thursday, June 9th. The shares were sold at an average price of GBX 182 ($2.23), for a total transaction of £1,046,312.54 ($1,281,617.52).

Serco Group Company Profile (LON:SRP)

Serco Group plc provides public services in the United Kingdom, Europe, North America, the Asia Pacific, and the Middle East. The company offers base and operational support engineering, and management and information, as well as nuclear, space, and maritime services for the defense sector; and custodial, immigration detention, and detainee transport and monitoring services for the justice and immigration sectors.

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