Sanne Group plc (SNN.L) (LON:SNN) Stock Passes Above 50-Day Moving Average of $652.46

Share on StockTwits

Sanne Group plc (SNN.L) (LON:SNN) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $652.46 and traded as high as $657.00. Sanne Group plc (SNN.L) shares last traded at $657.00, with a volume of 304,640 shares.

SNN has been the subject of several research reports. Royal Bank of Canada increased their price target on shares of Sanne Group plc (SNN.L) from GBX 550 ($7.19) to GBX 600 ($7.84) and gave the company a “sector performer” rating in a research report on Wednesday, July 29th. Jefferies Financial Group restated a “buy” rating on shares of Sanne Group plc (SNN.L) in a research report on Monday, July 6th. Berenberg Bank increased their price target on shares of Sanne Group plc (SNN.L) from GBX 600 ($7.84) to GBX 725 ($9.47) and gave the company a “buy” rating in a research report on Thursday, June 25th. JPMorgan Chase & Co. reduced their price target on shares of Sanne Group plc (SNN.L) from GBX 680 ($8.89) to GBX 650 ($8.49) and set a “neutral” rating for the company in a research report on Friday, June 26th. Finally, Liberum Capital restated a “hold” rating on shares of Sanne Group plc (SNN.L) in a research report on Tuesday, July 28th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 656.67 ($8.58).

The company has a quick ratio of 3.00, a current ratio of 3.04 and a debt-to-equity ratio of 97.35. The stock has a market cap of $911.45 million and a P/E ratio of 59.81. The business’s 50-day simple moving average is GBX 652.22 and its two-hundred day simple moving average is GBX 628.77.

The firm also recently announced a dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, September 17th will be given a dividend of GBX 4.80 ($0.06) per share. The ex-dividend date is Thursday, September 17th. This represents a yield of 0.74%. Sanne Group plc (SNN.L)’s dividend payout ratio is presently 134.62%.

In other news, insider Yves Stein purchased 5,000 shares of the stock in a transaction dated Wednesday, September 23rd. The shares were purchased at an average cost of GBX 580 ($7.58) per share, with a total value of £29,000 ($37,893.64).

About Sanne Group plc (SNN.L) (LON:SNN)

Sanne Group plc provides alternative asset and corporate administration services worldwide. The company operates through EMEA, Asia-Pacific & Mauritius, Channel Islands, and North America segments. It offers alternative asset services comprising private debt fund administration, capital markets, depositary, and loan agency and security trustee services to banks, insurance companies, and asset managers; real estate fund and corporate administration, real estate accounting, and complementary services; private equity fund administration, corporate administration, and portfolio monitoring services; and hedge fund administration services, as well as acts as an alternative investment fund manager.

Further Reading: Certificate of Deposit (CD) For Risk Adverse Investors?

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

Leave a Reply