Brokerages Set Senior plc (SNR) Price Target at $267.00

Senior plc (LON:SNR) has been given an average rating of “Buy” by the six brokerages that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is GBX 267 ($3.49).

Several research analysts have commented on the stock. Numis Securities dropped their price objective on shares of Senior from GBX 315 ($4.12) to GBX 240 ($3.14) and set a “hold” rating for the company in a report on Thursday, May 16th. Berenberg Bank increased their price objective on shares of Senior from GBX 250 ($3.27) to GBX 260 ($3.40) and gave the company a “buy” rating in a report on Thursday, March 7th. JPMorgan Chase & Co. dropped their price objective on shares of Senior from GBX 235 ($3.07) to GBX 225 ($2.94) and set a “neutral” rating for the company in a report on Thursday, April 18th. Barclays reissued an “overweight” rating and set a GBX 310 ($4.05) price objective on shares of Senior in a report on Tuesday, January 29th. Finally, Peel Hunt raised shares of Senior to an “add” rating and dropped their price objective for the company from GBX 290 ($3.79) to GBX 260 ($3.40) in a report on Monday, February 11th.

Shares of SNR traded down GBX 1.60 ($0.02) during midday trading on Friday, hitting GBX 225.20 ($2.94). 533,454 shares of the company traded hands, compared to its average volume of 1,080,000. Senior has a 52 week low of GBX 184.30 ($2.41) and a 52 week high of GBX 336.60 ($4.40). The company has a market capitalization of $939.48 million and a PE ratio of 19.08. The company has a quick ratio of 0.75, a current ratio of 1.57 and a debt-to-equity ratio of 29.95.

The firm also recently announced a dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 2nd will be given a dividend of GBX 5.23 ($0.07) per share. This represents a dividend yield of 2.25%. This is a boost from Senior’s previous dividend of $2.19. The ex-dividend date is Thursday, May 2nd. Senior’s dividend payout ratio is currently 0.59%.

In other news, insider Andrew Bodenham sold 19,244 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of GBX 208 ($2.72), for a total transaction of £40,027.52 ($52,303.04).

About Senior

Senior plc designs, manufactures, and markets high-technology components and systems for the principal original equipment producers in the aerospace, defense, land vehicle, and power and energy markets worldwide. The company operates through two divisions, Aerospace and Flexonics. The Aerospace division offers high-pressure and low-pressure engineered ducting systems, engineered control bellows, assemblies, and sensors; precision-machined and fabricated engine components; fluid systems ducting and control products; and precision-machined airframe components and assemblies.

Further Reading: Stock Ratings and Recommendations: Understanding Analyst Upgrades and Downgrades

Analyst Recommendations for Senior (LON:SNR)

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