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 note released on Wednesday morning, MarketBeat.com reports.

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

Serco Group Price Performance

LON SRP opened at GBX 156.70 ($1.97) on Wednesday. Serco Group has a twelve month low of GBX 149.90 ($1.89) and a twelve month high of GBX 196.40 ($2.48). The company has a debt-to-equity ratio of 77.78, a quick ratio of 0.98 and a current ratio of 0.91. The stock has a market capitalization of £1.61 billion, a PE ratio of 1,205.38, a P/E/G ratio of 3.06 and a beta of 0.38. The stock has a 50-day simple moving average of GBX 174.50 and a 200 day simple moving average of GBX 177.23.

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.