Sanne Group (LON:SNN) had its price objective raised by equities research analysts at Berenberg Bank from GBX 670 ($8.75) to GBX 800 ($10.45) in a research report issued to clients and investors on Thursday, ThisIsMoney.Co.Uk reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 18.34% from the stock’s current price.
Other analysts have also issued reports about the company. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Sanne Group in a research note on Wednesday. Liberum Capital upgraded Sanne Group to a “buy” rating in a research note on Friday, March 22nd. Numis Securities reiterated a “buy” rating and set a GBX 690 ($9.02) price objective on shares of Sanne Group in a research note on Monday, March 25th. Finally, HSBC began coverage on Sanne Group in a research note on Tuesday, February 12th. They set a “buy” rating and a GBX 715 ($9.34) price objective on the stock. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Sanne Group currently has a consensus rating of “Buy” and an average price target of GBX 750.83 ($9.81).
Shares of SNN opened at GBX 676 ($8.83) on Thursday. The firm has a market capitalization of $975.70 million and a price-to-earnings ratio of 53.65. The company has a debt-to-equity ratio of 44.31, a quick ratio of 1.53 and a current ratio of 1.53. Sanne Group has a 1 year low of GBX 446.50 ($5.83) and a 1 year high of GBX 737 ($9.63).
In related news, insider Martin Schnaier acquired 9,520 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were bought at an average cost of GBX 520 ($6.79) per share, for a total transaction of £49,504 ($64,685.74).
Sanne Group Company Profile
Sanne Group plc is a specialist global provider of outsourced corporate and fund administration, reporting and fiduciary services. The Company operates through seven segments: Debt, Real Estate, Private Equity, Corporate and Institutional, Executive Incentives, Private Client and Treasury. The segments offer services, including fund and corporate administration; accounting and reporting services; asset servicing; loan agency and servicing (Debt); depositary services; compliance monitoring; transaction management; special purpose vehicle (SPV) administration; company secretary/governance support; regulatory reporting services; listing services for the channel Islands Securities Exchange (Corporate and Institutional); director and trustee services; portfolio reporting (private client); philanthropy services (Private Client), and cash and foreign exchange (FX) management (Treasury).
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