Serco Group (LON:SRP) Stock Passes Above 200 Day Moving Average of $173.04

Serco Group plc (LON:SRPGet Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 173.04 ($2.20) and traded as high as GBX 183.50 ($2.33). Serco Group shares last traded at GBX 181 ($2.30), with a volume of 1,135,732 shares.

Analysts Set New Price Targets

Separately, Shore Capital reissued a “buy” rating on shares of Serco Group in a research note on Monday, February 26th.

Get Our Latest Report on Serco Group

Serco Group Stock Performance

The firm has a market capitalization of £1.94 billion, a P/E ratio of 1,005.56, a price-to-earnings-growth ratio of 3.06 and a beta of 0.39. The company’s 50 day moving average is GBX 184.20 and its 200-day moving average is GBX 173.04. The company has a quick ratio of 0.98, a current ratio of 0.87 and a debt-to-equity ratio of 63.84.

Serco Group Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, May 10th. Shareholders of record on Thursday, April 18th were paid a GBX 2.27 ($0.03) dividend. This represents a dividend yield of 1.27%. This is a positive change from Serco Group’s previous dividend of $1.14. The ex-dividend date was Thursday, April 18th. Serco Group’s dividend payout ratio (DPR) is 1,666.67%.

Insider Buying and Selling at Serco Group

In other Serco Group news, insider Nigel Crossley acquired 7,939 shares of the company’s stock in a transaction on Monday, May 13th. The shares were purchased at an average cost of GBX 185 ($2.35) per share, with a total value of £14,687.15 ($18,666.94). Insiders own 1.97% of the company’s stock.

About Serco Group

(Get Free Report)

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.

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