Serco Group (LON:SRP) Downgraded to Hold Rating by Shore Capital

Shore Capital lowered shares of Serco Group (LON:SRP) to a hold rating in a report issued on Wednesday, Marketbeat reports.

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

Serco Group Stock Performance

Shares of LON:SRP opened at GBX 155.90 ($2.01) on Wednesday. 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 1-year low of GBX 149.90 ($1.93) and a 1-year high of GBX 196.40 ($2.53). The stock has a market capitalization of £1.61 billion, a P/E ratio of 1,187.69, a P/E/G ratio of 3.06 and a beta of 0.38. The business has a 50-day moving average price of GBX 175.20 and a two-hundred day moving average price of GBX 177.53.

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.