Serco Group (LON:SRP) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Serco Group plc (LON:SRPGet Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 252.08 and traded as high as GBX 305.20. Serco Group shares last traded at GBX 300.75, with a volume of 2,944,298 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank raised their target price on shares of Serco Group from GBX 270 to GBX 300 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Serco Group has an average rating of “Hold” and a consensus target price of GBX 254.50.

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Serco Group Price Performance

The stock has a market cap of £2.97 billion, a price-to-earnings ratio of 59.80, a price-to-earnings-growth ratio of 3.06 and a beta of 0.38. The company has a debt-to-equity ratio of 62.40, a quick ratio of 0.98 and a current ratio of 0.91. The company has a 50-day simple moving average of GBX 284.85 and a two-hundred day simple moving average of GBX 252.08.

About Serco Group

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Further Reading

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