Serco Group (LON:SRP) Given New GBX 205 Price Target at Deutsche Bank Aktiengesellschaft

Serco Group (LON:SRP) had its price objective raised by Deutsche Bank Aktiengesellschaft from GBX 200 ($2.54) to GBX 205 ($2.60) in a report released on Friday morning, MarketBeat reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

Separately, Shore Capital reaffirmed a buy rating on shares of Serco Group in a research report on Thursday.

Serco Group Stock Performance

Shares of Serco Group stock opened at GBX 179.70 ($2.28) on Friday. The firm’s 50 day moving average is GBX 178.53 and its two-hundred day moving average is GBX 176.88. Serco Group has a 52 week low of GBX 138 ($1.75) and a 52 week high of GBX 193.10 ($2.45). The company has a quick ratio of 0.98, a current ratio of 0.87 and a debt-to-equity ratio of 63.84. The firm has a market capitalization of £1.92 billion, a P/E ratio of 998.33, a P/E/G ratio of 3.06 and a beta of 0.39.

Insider Transactions at Serco Group

In related news, insider Nigel Crossley bought 7,939 shares of Serco Group stock in a transaction that occurred on Monday, May 13th. The shares were purchased at an average price of GBX 185 ($2.35) per share, with a total value of £14,687.15 ($18,631.42). Corporate insiders own 1.98% of the company’s stock.

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.