Sanne Group PLC (LON:SNN) Given Average Rating of “Buy” by Brokerages

Sanne Group PLC (LON:SNN) has earned a consensus recommendation of “Buy” from the six research firms that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is GBX 705.83 ($9.22).

Several equities analysts have issued reports on SNN shares. Royal Bank of Canada dropped their target price on Sanne Group from GBX 950 ($12.41) to GBX 660 ($8.62) and set an “outperform” rating on the stock in a research report on Tuesday, July 30th. Liberum Capital lowered their price target on Sanne Group from GBX 705 ($9.21) to GBX 650 ($8.49) and set a “hold” rating on the stock in a report on Monday, July 29th. HSBC upped their price target on Sanne Group from GBX 715 ($9.34) to GBX 825 ($10.78) and gave the stock a “buy” rating in a report on Thursday, June 13th. JPMorgan Chase & Co. cut Sanne Group to a “neutral” rating and lowered their price target for the stock from GBX 720 ($9.41) to GBX 680 ($8.89) in a report on Tuesday, July 30th. Finally, Berenberg Bank lowered their price target on Sanne Group from GBX 800 ($10.45) to GBX 650 ($8.49) and set a “buy” rating on the stock in a report on Monday, July 29th.

LON SNN traded up GBX 18 ($0.24) on Tuesday, hitting GBX 554 ($7.24). 403,358 shares of the company’s stock were exchanged, compared to its average volume of 314,684. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 44.31. The firm has a 50-day moving average price of GBX 675.72. Sanne Group has a fifty-two week low of GBX 446.50 ($5.83) and a fifty-two week high of GBX 762 ($9.96). The stock has a market cap of $808.28 million and a price-to-earnings ratio of 43.97.

In other news, insider Rupert Robson purchased 249 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were acquired at an average price of GBX 689 ($9.00) per share, for a total transaction of £1,715.61 ($2,241.75).

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).

Featured Story: How is diluted EPS different from basic EPS?

Analyst Recommendations for Sanne Group (LON:SNN)

Receive News & Ratings for Sanne Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sanne Group and related companies with's FREE daily email newsletter.