Serco Group (LON:SRP) Stock Price Breaks Below Two Hundred Day Moving Average – Should You Sell?

Shares of Serco Group plc (LON:SRP) crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 261.45 and traded as low as GBX 250.80. Serco Group shares last traded at GBX 252.80, with a volume of 758,084 shares.

Analyst Ratings Changes

Several brokerages have issued reports on SRP. Berenberg Bank reissued a “buy” rating and issued a GBX 350 price target on shares of Serco Group in a research note on Friday, August 7th. Citigroup lifted their price objective on shares of Serco Group from GBX 371 to GBX 372 and gave the company a “buy” rating in a research note on Friday, August 7th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 230 price objective on shares of Serco Group in a report on Thursday, June 25th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 255 target price on shares of Serco Group in a research note on Friday, June 26th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 301.75.

Serco Group Trading Down 0.4%

The business has a fifty day moving average of GBX 255.87 and a 200-day moving average of GBX 260.98. The company has a debt-to-equity ratio of 104.16, a quick ratio of 0.98 and a current ratio of 0.92. The company has a market capitalization of £2.40 billion, a P/E ratio of 16.62, a PEG ratio of 3.06 and a beta of 0.52.

Serco Group (LON:SRP) last announced its quarterly earnings results on Thursday, August 6th. The company reported GBX 9.69 EPS for the quarter. Serco Group had a net margin of 3.06% and a return on equity of 17.55%. Analysts anticipate that Serco Group plc will post 17.552759 earnings per share for the current fiscal year.

About Serco Group