Sanne Group (LON:SNN) Stock Price Crosses Below 50 Day Moving Average of $648.10

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.

The company also recently disclosed a dividend, which was paid on Wednesday, May 20th. Shareholders of record on Thursday, April 23rd were given a GBX 9.40 ($0.12) dividend. This represents a yield of 1.88%. This is a positive change from Sanne Group’s previous dividend of $4.70. The ex-dividend date of this dividend was Thursday, April 23rd. Sanne Group’s dividend payout ratio (DPR) is presently 229.51%.

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).

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