JPMorgan Chase & Co. Reaffirms Overweight Rating for Sanne Group (SNN)

JPMorgan Chase & Co. reissued their overweight rating on shares of Sanne Group (LON:SNN) in a research report released on Wednesday, ThisIsMoney.Co.Uk reports.

A number of other equities analysts have also weighed in on the stock. Liberum Capital reiterated a buy rating on shares of Sanne Group in a research report on Wednesday, May 8th. Berenberg Bank reiterated a buy rating on shares of Sanne Group in a research report on Wednesday, March 27th. Numis Securities reiterated a buy rating and issued a GBX 690 ($9.02) price objective on shares of Sanne Group in a research report on Monday, March 25th. Finally, HSBC began coverage on shares of Sanne Group in a research report on Tuesday, February 12th. They issued a buy rating and a GBX 715 ($9.34) price objective on the stock. One equities research 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. The stock currently has a consensus rating of Buy and an average target price of GBX 750.83 ($9.81).

LON:SNN traded up GBX 2 ($0.03) during midday trading on Wednesday, reaching GBX 683 ($8.92). The stock had a trading volume of 66,367 shares, compared to its average volume of 314,684. Sanne Group has a 12-month low of GBX 446.50 ($5.83) and a 12-month high of GBX 737 ($9.63). The company has a debt-to-equity ratio of 44.31, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a market cap of $978.57 million and a price-to-earnings ratio of 54.21.

The business also recently announced a dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Thursday, April 25th will be given a dividend of GBX 9.20 ($0.12) per share. This is a positive change from Sanne Group’s previous dividend of $4.60. This represents a dividend yield of 1.76%. The ex-dividend date of this dividend is Thursday, April 25th. Sanne Group’s payout ratio is presently 1.11%.

In related news, insider Martin Schnaier bought 9,520 shares of the firm’s stock in a transaction 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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Analyst Recommendations for Sanne Group (LON:SNN)

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