Serco Group (LON:SRP) Reaches New 1-Year High - Still a Buy?

Serco Group plc (LON:SRP - Get Free Report)'s stock price hit a new 52-week high on Monday . The company traded as high as GBX 298 and last traded at GBX 297.20, with a volume of 979942 shares. The stock had previously closed at GBX 295.Wall Street Analysts Forecast GrowthSeparately, Berenberg Bank boosted their price objective on shares of Serco Group from GBX 270 to GBX 300 and gave the company a "buy" rating in a research report on Wednesday, October 29th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of GBX 254.50.View Our Latest Analysis on Serco GroupSerco Group Price PerformanceThe company has a quick ratio of 0.98, a current ratio of 0.91 and a debt-to-equity ratio of 62.40. The company has a market capitalization of £2.94 billion, a P/E ratio of 59.16, a PEG ratio of 3.06 and a beta of 0.38. The business has a 50 day simple moving average of GBX 266.10 and a 200-day simple moving average of GBX 240.77. About Serco Group (Get Free Report)Featured ArticlesFive stocks we like better than Serco GroupElon Taking SpaceX Public! $100 Pre-IPO Opportunity!How a Family Trust May Be Able To Help Preserve Your WealthA U.S. “birthright” claim worth trillions - activated quietly“Fed Proof” Your Bank Account with THESE 4 Simple StepsNEW LAW: Congress Approves Setup For Digital Dollar?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Serco Group Right Now?Before you consider Serco Group, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Serco Group wasn't on the list.While Serco Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here