Serco Group (LON:SRP) Stock Price Down 1.4% – What’s Next?

Serco Group plc (LON:SRP)’s stock price was down 1.4% during trading on Wednesday. The stock traded as low as GBX 285.80 and last traded at GBX 285.80. Approximately 1,248,056 shares traded hands during trading, a decline of 90% from the average daily volume of 12,154,209 shares. The stock had previously closed at GBX 290.

Analysts Set New Price Targets

Several research firms have weighed in on SRP. Citigroup upped their target price on Serco Group from GBX 371 to GBX 372 and gave the company a “buy” rating in a report on Friday, August 7th. Berenberg Bank lifted their price target on Serco Group from GBX 350 to GBX 400 and gave the stock a “buy” rating in a research note on Tuesday, October 13th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Serco Group has an average rating of “Moderate Buy” and a consensus price target of GBX 314.25.

Serco Group Trading Down 1.4%

The company has a market cap of £2.74 billion, a PE ratio of 19.09, a price-to-earnings-growth ratio of 3.06 and a beta of 0.52. The business has a 50 day simple moving average of GBX 265.37 and a two-hundred day simple moving average of GBX 271.09. The company has a current ratio of 0.92, a quick ratio of 0.98 and a debt-to-equity ratio of 104.16.

About Serco Group

Serco brings together the right people, the right technology, and the right partners to create innovative solutions that make a positive impact and address some of the most urgent and complex challenges facing the modern world. With a primary focus on serving governments globally, Serco’s services are powered by more than 50,000 people working across defence, space, migration, justice, healthcare, mobility, and customer services. Serco’s core capabilities include service design and advisory, resourcing, complex programme management, systems integration, case management, engineering, and asset & facilities management.