Serco Group’s (SRP) Buy Rating Reaffirmed at Shore Capital

Shore Capital reiterated their buy rating on shares of Serco Group (LON:SRP) in a report published on Thursday, Marketbeat reports.

Serco Group Stock Down 0.2 %

Shares of Serco Group stock opened at GBX 179.90 ($2.28) on Thursday. The business has a fifty day simple moving average of GBX 178.53 and a 200 day simple moving average of GBX 177.19. The stock has a market cap of £1.92 billion, a PE ratio of 998.33, a price-to-earnings-growth ratio of 3.06 and a beta of 0.39. The company has a quick ratio of 0.98, a current ratio of 0.87 and a debt-to-equity ratio of 63.84. Serco Group has a 12 month low of GBX 138 ($1.75) and a 12 month high of GBX 193.10 ($2.45).

Insider Activity

In other news, insider Nigel Crossley purchased 7,939 shares of Serco Group stock in a transaction dated Monday, May 13th. The shares were bought at an average cost of GBX 185 ($2.35) per share, with a total value of £14,687.15 ($18,631.42). 1.98% of the stock is currently owned by company insiders.

Serco Group Company Profile

Serco Group plc provides public services in the United Kingdom, Europe, North America, the Asia Pacific, and the Middle East. It offers service design and advisory, resourcing, programmes management, systems integration, case management, engineering, and assets and facilities management services. The company also provides administrative and back office, asylum seeker accommodation or passenger transport services; supports in the decarbonization journeys of customers and society, including installation of ground source heat pumps, solar panels, and energy efficiency upgrades; ecosystem restoration and biodiversity services comprising plantation; reforestation services; and a rage of support services for environmental protection.