Serco Group (SRP)

Sector:

Support

Index:

FTSE 250

181.60p
   
  • Change Today:
    -3.40p
  • 52 Week High: 189.70
  • 52 Week Low: 136.90
  • Currency: UK Pounds
  • Shares Issued: 1,085.45m
  • Volume: 580,708
  • Market Cap: £1,971.18m
  • RiskGrade: 174

Serco secures £350m DWP contract

By Michele Maatouk

Date: Tuesday 17 Oct 2023

LONDON (ShareCast) - (Sharecast News) - Serco said on Tuesday that it has been selected by the Department for Work and Pensions (DWP) to deliver the new functional assessment services (FAS) in the south-west of England.
The five-year contract, which is expected to have a value of around £350m, starts in September 2024.

Serco will be responsible for delivering functional health assessments for the DWP to determine disability benefits and support. The new FAS contracts will be based around a single assessment provider for all services in a geographical area, replacing the current multi-provider model.

Chief executive Mark Irwin said: "We are pleased the DWP has selected Serco to deliver these important services under one of the FAS regional contracts. We will focus on ensuring all claimants are treated with care and respect and our employees are fully supported and trained to provide high quality and consistent health assessments.

"To deliver this new area of work for Serco, we will draw on our extensive experience supporting and delivering important health programmes around the world and build on our value-based relationship with the DWP to ensure we become a true Impact Partner to the department."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Serco Market Data

Currency UK Pounds
Share Price 181.60p
Change Today -3.40p
% Change -1.84 %
52 Week High 189.70
52 Week Low 136.90
Volume 580,708
Shares Issued 1,085.45m
Market Cap £1,971.18m
RiskGrade 174

Serco Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
87.72% below the market average87.72% below the market average87.72% below the market average87.72% below the market average87.72% below the market average
62.64% below the sector average62.64% below the sector average62.64% below the sector average62.64% below the sector average62.64% below the sector average
Price Trend
76.42% above the market average76.42% above the market average76.42% above the market average76.42% above the market average76.42% above the market average
42.00% above the sector average42.00% above the sector average42.00% above the sector average42.00% above the sector average42.00% above the sector average
Income
38.87% below the market average38.87% below the market average38.87% below the market average38.87% below the market average38.87% below the market average
21.88% below the sector average21.88% below the sector average21.88% below the sector average21.88% below the sector average21.88% below the sector average
Growth
13.27% below the market average13.27% below the market average13.27% below the market average13.27% below the market average13.27% below the market average
35.35% below the sector average35.35% below the sector average35.35% below the sector average35.35% below the sector average35.35% below the sector average

What The Brokers Say

Strong Buy 6
Buy 3
Neutral 2
Sell 0
Strong Sell 0
Total 11
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Serco Dividends

  Latest Previous
  Final Interim
Ex-Div 18-Apr-24 07-Sep-23
Paid 10-May-24 06-Oct-23
Amount 2.27p 1.14p

Trades for 16-May-2024

Time Volume / Share Price
13:01 38 @ 181.60p
12:59 1 @ 181.60p
12:58 12,000 @ 181.75p
12:57 1,008 @ 181.80p
12:57 875 @ 181.70p

Serco Key Personnel

CEO Mark Irwin

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