Serco Group (LON:SRP) Sets New 52-Week High – Time to Buy?

Serco Group plc (LON:SRP) hit a new 52-week high on Tuesday . The company traded as high as GBX 280 and last traded at GBX 278.62, with a volume of 4884854 shares. The stock had previously closed at GBX 278.

Analysts Set New Price Targets

SRP has been the subject of a number of research analyst reports. Citigroup decreased their price target on Serco Group from GBX 281 to GBX 273 and set a “buy” rating for the company in a research report on Friday, August 29th. Jefferies Financial Group raised their target price on Serco Group from GBX 175 to GBX 230 and gave the company a “hold” rating in a research report on Thursday, September 11th. Finally, Berenberg Bank boosted their price target on shares of Serco Group from GBX 270 to GBX 300 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of GBX 254.50.

Serco Group Stock Down 0.3%

The firm has a market capitalization of £2.75 billion, a PE ratio of 55.33, a P/E/G ratio of 3.06 and a beta of 0.38. The stock has a 50-day simple moving average of GBX 253.27 and a 200-day simple moving average of GBX 229.18. The company has a quick ratio of 0.98, a current ratio of 0.91 and a debt-to-equity ratio of 62.40.

Serco Group Company Profile