Shares of Sanne Group PLC (LON:SNN) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $648.10 and traded as low as $600.00. Sanne Group shares last traded at $612.00, with a volume of 51,999 shares changing hands.
Several research firms have recently weighed in on SNN. Berenberg Bank lowered their price objective on Sanne Group from GBX 650 ($8.27) to GBX 600 ($7.64) and set a “buy” rating on the stock in a research note on Wednesday, March 25th. Liberum Capital upgraded Sanne Group to a “buy” rating and decreased their price target for the stock from GBX 650 ($8.27) to GBX 630 ($8.02) in a research report on Tuesday, March 24th. Jefferies Financial Group decreased their price target on Sanne Group from GBX 735 ($9.35) to GBX 700 ($8.91) and set a “buy” rating on the stock in a research report on Monday, March 23rd. Finally, HSBC decreased their price target on Sanne Group from GBX 675 ($8.59) to GBX 655 ($8.34) and set a “hold” rating on the stock in a research report on Friday, May 15th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of GBX 660.83 ($8.41).
The firm has a market capitalization of $889.47 million and a P/E ratio of 100.00. The company has a debt-to-equity ratio of 97.43, a quick ratio of 2.50 and a current ratio of 2.67. The stock has a 50-day moving average of GBX 648.34 and a 200 day moving average of GBX 626.35.
Sanne Group Company Profile (LON:SNN)
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).
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 MarketBeat.com's FREE daily email newsletter.