Insider Selling: Serco Group plc (LON:SRP) Insider Sells £239,417.77 in Stock
Serco Group plc (LON:SRP) insider David Eveleigh sold 172,243 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of GBX 139 ($1.82), for a total transaction of £239,417.77 ($312,841.72).
LON SRP opened at GBX 139.40 ($1.82) on Monday. The company has a 50 day simple moving average of GBX 141.72. Serco Group plc has a 12-month low of GBX 83.60 ($1.09) and a 12-month high of GBX 149 ($1.95). The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 72.42. The company has a market capitalization of $1.71 billion and a price-to-earnings ratio of 30.98.
SRP has been the topic of a number of research analyst reports. Numis Securities reiterated a “hold” rating and issued a GBX 140 ($1.83) target price (up from GBX 110 ($1.44)) on shares of Serco Group in a research note on Friday, May 24th. Peel Hunt reiterated an “add” rating on shares of Serco Group in a research note on Monday, July 29th. UBS Group reiterated a “buy” rating on shares of Serco Group in a research note on Monday, July 29th. Barclays reiterated an “overweight” rating and issued a GBX 155 ($2.03) target price on shares of Serco Group in a research note on Monday, July 1st. Finally, Peel Hunt reiterated an “add” rating and issued a GBX 146 ($1.91) target price on shares of Serco Group in a research note on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of GBX 145.27 ($1.90).
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.
Further Reading: Bid-Ask Spread
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