Serco Group (LON:SRP) Rating Lowered to Hold at Shore Capital

Serco Group (LON:SRP) was downgraded by equities research analysts at Shore Capital to a “hold” rating in a note issued to investors on Wednesday, Marketbeat Ratings reports.

Separately, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Serco Group in a report on Friday, August 30th.

Serco Group Stock Up 0.7 %

LON SRP opened at GBX 155.50 ($2.00) on Wednesday. The stock’s 50 day moving average is GBX 174.83 and its two-hundred day moving average is GBX 177.38. The company has a current ratio of 0.91, a quick ratio of 0.98 and a debt-to-equity ratio of 77.78. The company has a market capitalization of £1.60 billion, a price-to-earnings ratio of 1,196.15, a PEG ratio of 3.06 and a beta of 0.38. Serco Group has a 1-year low of GBX 149.90 ($1.93) and a 1-year high of GBX 196.40 ($2.53).

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.