Serco Group (LON:SRP) Reaches New 1-Year Low - Should You Sell?

Serco Group plc (LON:SRP - Get Free Report) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 147.70 ($1.88) and last traded at GBX 150.90 ($1.92), with a volume of 15755762 shares trading hands. The stock had previously closed at GBX 155.40 ($1.98).

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of Serco Group in a research note on Friday, August 30th. Shore Capital downgraded shares of Serco Group to a "hold" rating in a report on Wednesday, November 13th.

Serco Group Stock Down 5.1 %

The business has a 50 day simple moving average of GBX 169.97 and a 200 day simple moving average of GBX 174.71. The company has a debt-to-equity ratio of 77.78, a current ratio of 0.91 and a quick ratio of 0.98. The company has a market capitalization of £1.52 billion, a price-to-earnings ratio of 1,157.69, a PEG ratio of 3.06 and a beta of 0.38.

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.