Serco Group (LON:SRP) Sets New 12-Month Low – What’s Next?

Serco Group plc (LON:SRP) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 147.70 ($1.88) and last traded at GBX 150.90 ($1.92), with a volume of 15755762 shares changing hands. The stock had previously closed at GBX 155.40 ($1.98).

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SRP. JPMorgan Chase & Co. restated an “overweight” rating on shares of Serco Group in a research report on Friday, August 30th. Shore Capital cut Serco Group to a “hold” rating in a report on Wednesday, November 13th.

Serco Group Stock Down 5.1 %

The firm has a 50-day moving average of GBX 169.39 and a two-hundred day moving average of GBX 174.52. The company has a quick ratio of 0.98, a current ratio of 0.91 and a debt-to-equity ratio of 77.78. The company has a market capitalization of £1.52 billion, a PE ratio of 1,134.62, a price-to-earnings-growth ratio of 3.06 and a beta of 0.38.

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.