Serco Group’s (SRP) Buy Rating Reaffirmed at Shore Capital

Shore Capital reaffirmed their buy rating on shares of Serco Group (LON:SRP) in a report published on Thursday, Marketbeat.com reports.

Serco Group Stock Performance

Shares of SRP stock opened at GBX 180.60 ($2.29) on Thursday. The stock has a market cap of £1.93 billion, a PE ratio of 1,005.56, a price-to-earnings-growth ratio of 3.06 and a beta of 0.39. Serco Group has a 52-week low of GBX 138 ($1.75) and a 52-week high of GBX 193.10 ($2.45). The business has a 50-day simple moving average of GBX 178.52 and a 200-day simple moving average of GBX 176.73. 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 Transactions at Serco Group

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

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.