Serco Group (LON:SRP) Reaches New 1-Year High at $153.00

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Shares of Serco Group plc (LON:SRP) reached a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 153 ($2.00) and last traded at GBX 150.50 ($1.97), with a volume of 597723 shares trading hands. The stock had previously closed at GBX 145 ($1.89).

A number of equities research analysts have issued reports on the stock. Peel Hunt restated an “add” rating and set a GBX 146 ($1.91) price target on shares of Serco Group in a report on Tuesday, October 1st. Royal Bank of Canada upped their price objective on shares of Serco Group from GBX 150 ($1.96) to GBX 165 ($2.16) and gave the company an “outperform” rating in a research report on Monday, August 5th. Liberum Capital reaffirmed a “buy” rating on shares of Serco Group in a research report on Thursday, August 29th. Shore Capital reaffirmed a “buy” rating on shares of Serco Group in a research report on Tuesday, October 1st. Finally, Barclays reaffirmed an “overweight” rating and set a GBX 155 ($2.03) price objective on shares of Serco Group in a research report on Monday, July 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. Serco Group currently has an average rating of “Buy” and an average price target of GBX 145.27 ($1.90).

The stock’s 50-day moving average price is GBX 146.99 and its 200 day moving average price is GBX 136.82. The firm has a market cap of $1.86 billion and a price-to-earnings ratio of 33.73. The company has a quick ratio of 1.03, a current ratio of 1.07 and a debt-to-equity ratio of 72.42.

In other news, insider David Eveleigh sold 37,000 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of GBX 150 ($1.96), for a total transaction of £55,500 ($72,520.58).

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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