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 report released on Thursday morning, Marketbeat.com reports.

Separately, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Serco Group from GBX 200 ($2.57) to GBX 205 ($2.64) and gave the stock a hold rating in a research note on Friday, June 28th.

Serco Group Trading Down 3.3 %

Serco Group stock opened at GBX 173.40 ($2.23) on Thursday. The firm has a 50-day moving average of GBX 180.24 and a 200-day moving average of GBX 181.31. Serco Group has a one year low of GBX 138 ($1.78) and a one year high of GBX 196.40 ($2.53). The company has a debt-to-equity ratio of 63.84, a current ratio of 0.87 and a quick ratio of 0.98. The company has a market cap of £1.86 billion, a price-to-earnings ratio of 963.33, a P/E/G ratio of 3.06 and a beta of 0.39.

Serco Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, October 4th. Investors of record on Thursday, August 29th will be paid a GBX 1.34 ($0.02) dividend. The ex-dividend date is Thursday, August 29th. This represents a yield of 0.7%. Serco Group’s dividend payout ratio (DPR) is currently 1,666.67%.

Insider Activity at Serco Group

In other news, insider Nigel Crossley bought 7,939 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was acquired at an average cost of GBX 185 ($2.38) per share, for a total transaction of £14,687.15 ($18,892.66). 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.