Serco Group (LON:SRP) Stock Crosses Above 200 Day Moving Average – What’s Next?

Shares of Serco Group plc (LON:SRP) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 179.22 ($2.35) and traded as high as GBX 180.30 ($2.36). Serco Group shares last traded at GBX 178 ($2.33), with a volume of 2,535,024 shares traded.

Wall Street Analysts Forecast Growth

SRP has been the topic of a number of research reports. Shore Capital reaffirmed a “buy” rating on shares of Serco Group in a report on Thursday, August 1st. JPMorgan Chase & Co. restated an “overweight” rating on shares of Serco Group in a research note on Friday, August 30th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Serco Group from GBX 200 ($2.62) to GBX 205 ($2.68) and gave the company a “hold” rating in a report on Friday, June 28th.

Serco Group Stock Down 1.0 %

The company has a debt-to-equity ratio of 77.78, a current ratio of 0.91 and a quick ratio of 0.98. The stock has a market capitalization of £1.87 billion, a P/E ratio of 1,369.23, a price-to-earnings-growth ratio of 3.06 and a beta of 0.38. The stock has a fifty day moving average price of GBX 173.98 and a 200 day moving average price of GBX 179.22.

Serco Group Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, October 4th. Stockholders of record on Thursday, August 29th were issued a GBX 1.34 ($0.02) dividend. This represents a dividend yield of 0.7%. The ex-dividend date was Thursday, August 29th. Serco Group’s payout ratio is 3,076.92%.

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.