Serco Group (LON:SRP) Receives “Buy” Rating from Shore Capital

Shore Capital restated their buy rating on shares of Serco Group (LON:SRP) in a research note released on Thursday morning, Marketbeat reports.

Serco Group Trading Down 0.2 %

Shares of SRP stock opened at GBX 179.90 ($2.28) on Thursday. The company has a current ratio of 0.87, a quick ratio of 0.98 and a debt-to-equity ratio of 63.84. Serco Group has a 12-month low of GBX 138 ($1.75) and a 12-month 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 P/E/G ratio of 3.06 and a beta of 0.39. The firm’s 50 day moving average is GBX 178.53 and its 200 day moving average is GBX 177.19.

Insider Activity

In other news, insider Nigel Crossley purchased 7,939 shares of the business’s stock in a transaction on Monday, May 13th. The stock was acquired at an average cost of GBX 185 ($2.35) per share, for a total transaction of £14,687.15 ($18,631.42). 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.