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

Shore Capital cut shares of Serco Group (LON:SRP) to a hold rating in a research report sent to investors on Wednesday morning, MarketBeat.com reports.

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

Serco Group Stock Up 0.8 %

Shares of LON:SRP opened at GBX 156.70 ($1.97) on Wednesday. Serco Group has a 52-week low of GBX 149.90 ($1.89) and a 52-week high of GBX 196.40 ($2.48). The business’s 50 day moving average is GBX 174.50 and its 200 day moving average is GBX 177.20. The stock has a market cap of £1.61 billion, a P/E ratio of 1,205.38, a price-to-earnings-growth ratio of 3.06 and a beta of 0.38. The company has a quick ratio of 0.98, a current ratio of 0.91 and a debt-to-equity ratio of 77.78.

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.