Serco Group (LON:SRP) Sets New 1-Year Low – Time to Sell?

Serco Group plc (LON:SRP)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as GBX 144.40 ($1.82) and last traded at GBX 144.70 ($1.83), with a volume of 3984580 shares traded. The stock had previously closed at GBX 145.70 ($1.84).

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SRP shares. Shore Capital downgraded shares of Serco Group to a “hold” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Serco Group in a report on Friday, August 30th.

Serco Group Stock Performance

The firm’s 50-day simple moving average is GBX 166.11 and its 200-day simple moving average is GBX 173.24. The firm has a market capitalization of £1.47 billion, a PE ratio of 1,099.23, a price-to-earnings-growth ratio of 3.06 and a beta of 0.38. The company has a quick ratio of 0.98, a current ratio of 0.91 and a debt-to-equity ratio of 77.78.

About Serco Group

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.