Serco Group (LON:SRP) Hits New 1-Year High – Still a Buy?

Shares of Serco Group plc (LON:SRPGet Free Report) 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. The stock had previously closed at GBX 280.

Analyst Ratings Changes

SRP has been the topic of a number of analyst reports. Jefferies Financial Group lifted their target price on Serco Group from GBX 175 to GBX 230 and gave the stock a “hold” rating in a research report on Thursday, September 11th. Berenberg Bank lifted their price objective on Serco Group from GBX 270 to GBX 300 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Serco Group presently has a consensus rating of “Hold” and an average target price of GBX 254.50.

Check Out Our Latest Stock Analysis on Serco Group

Serco Group Stock Up 1.2%

The company has a quick ratio of 0.98, a current ratio of 0.91 and a debt-to-equity ratio of 62.40. The firm has a market capitalization of £2.81 billion, a price-to-earnings ratio of 56.45, a P/E/G ratio of 3.06 and a beta of 0.38. The stock has a 50 day moving average of GBX 259.77 and a 200 day moving average of GBX 235.53.

About Serco Group

(Get Free Report)

Further Reading

Receive News & Ratings for Serco Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Serco Group and related companies with MarketBeat.com's FREE daily email newsletter.