Serco Group (LON:SRP) Sets New 12-Month High – Should You Buy?

Serco Group plc (LON:SRP)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as GBX 296 and last traded at GBX 292.60, with a volume of 2957565 shares trading hands. The stock had previously closed at GBX 294.60.

Analyst Ratings Changes

Separately, 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of GBX 254.50.

Serco Group Price Performance

The stock has a market capitalization of £2.90 billion, a price-to-earnings ratio of 58.37, a P/E/G ratio of 3.06 and a beta of 0.38. 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 stock has a fifty day moving average of GBX 264.27 and a 200-day moving average of GBX 239.21.

Serco Group Company Profile