Serco Group (LON:SRP) Shares Cross Above Two Hundred Day Moving Average of $134.65

Serco Group plc (LON:SRP – Get Rating) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 134.65 ($1.75) and traded as high as GBX 151.50 ($1.97). Serco Group shares last traded at GBX 150.50 ($1.96), with a volume of 1,565,710 shares.

Several equities analysts have recently issued reports on SRP shares. Berenberg Bank reiterated a “buy” rating and set a GBX 185 ($2.41) target price on shares of Serco Group in a report on Wednesday, March 23rd. Royal Bank of Canada reissued an “outperform” rating and set a GBX 190 ($2.47) price objective on shares of Serco Group in a research report on Thursday, March 24th. Shore Capital reaffirmed a “buy” rating on shares of Serco Group in a report on Monday, February 21st. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 162 ($2.11) price target on shares of Serco Group in a research note on Friday, February 11th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, Serco Group presently has an average rating of “Buy” and a consensus target price of GBX 177 ($2.30).

The company has a market cap of £1.83 billion and a price-to-earnings ratio of 6.17. The company has a quick ratio of 0.90, a current ratio of 0.97 and a debt-to-equity ratio of 80.06. The company’s 50-day moving average is GBX 137.90 and its 200 day moving average is GBX 134.65.

The business also recently announced a dividend, which will be paid on Tuesday, June 7th. Stockholders of record on Thursday, May 12th will be given a GBX 1.61 ($0.02) dividend. This is a positive change from Serco Group’s previous dividend of $0.80. The ex-dividend date of this dividend is Thursday, May 12th. This represents a dividend yield of 1.28%. Serco Group’s dividend payout ratio (DPR) is 0.09%.

About Serco Group (LON:SRP)

Serco Group plc provides public services in the United Kingdom, Europe, North America, the Asia Pacific, and the Middle East. The company offers base and operational support engineering, and management and information, as well as nuclear, space, and maritime services for the defense sector; and custodial, immigration detention, and detainee transport and monitoring services for the justice and immigration sectors.

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