Serco Group (LON:SRP) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Serco Group plc (LON:SRP) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 255.52 and traded as high as GBX 302.80. Serco Group shares last traded at GBX 299.80, with a volume of 6,323,579 shares.

Analyst Ratings Changes

Separately, Berenberg Bank lifted their price target on shares of Serco Group from GBX 270 to GBX 300 and gave the company a “buy” rating in a research note 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 company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of GBX 254.50.

Serco Group Price Performance

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 business has a 50-day moving average price of GBX 289.61 and a two-hundred day moving average price of GBX 255.52. The company has a market capitalization of £2.97 billion, a price-to-earnings ratio of 59.76, a price-to-earnings-growth ratio of 3.06 and a beta of 0.38.

Serco Group Company Profile