Serco Group (LON:SRP) Cut to “Hold” at Shore Capital

Shore Capital lowered shares of Serco Group (LON:SRP) to a hold rating in a research note issued to investors on Wednesday, Marketbeat Ratings 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. The firm has a market cap of £1.61 billion, a price-to-earnings ratio of 1,205.38, a price-to-earnings-growth ratio of 3.06 and a beta of 0.38. The company has a current ratio of 0.91, a quick ratio of 0.98 and a debt-to-equity ratio of 77.78. Serco Group has a 12-month low of GBX 149.90 ($1.89) and a 12-month high of GBX 196.40 ($2.48). The company’s 50-day moving average is GBX 174.50 and its two-hundred day moving average is GBX 177.23.

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.