Shore Capital Reiterates Buy Rating for Serco Group (LON:SRP)

Serco Group (LON:SRP)‘s stock had its “buy” rating reissued by research analysts at Shore Capital in a research note issued to investors on Thursday, Marketbeat.com reports.

Serco Group Stock Performance

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

Insider Activity at Serco Group

In related news, insider Nigel Crossley acquired 7,939 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was bought at an average price of GBX 185 ($2.35) per share, for a total transaction of £14,687.15 ($18,631.42). 1.98% of the stock is currently owned by company insiders.

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.