Sanne Group PLC (LON:SNN) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Sanne Group PLC (LON:SNN) have received a consensus recommendation of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is GBX 657.50 ($8.59).

A number of analysts recently commented on SNN shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of Sanne Group in a research report on Monday, July 6th. Royal Bank of Canada boosted their price target on shares of Sanne Group from GBX 550 ($7.19) to GBX 600 ($7.84) and gave the company a “sector performer” rating in a research note on Wednesday, July 29th. JPMorgan Chase & Co. dropped their price objective on shares of Sanne Group from GBX 680 ($8.89) to GBX 650 ($8.49) and set a “neutral” rating on the stock in a research note on Friday, June 26th. Liberum Capital reissued a “hold” rating on shares of Sanne Group in a research report on Tuesday, July 28th. Finally, Berenberg Bank raised their price target on shares of Sanne Group 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.

Shares of SNN stock traded down GBX 9 ($0.12) on Wednesday, hitting GBX 619 ($8.09). The company’s stock had a trading volume of 176,589 shares, compared to its average volume of 129,614. The stock’s 50 day moving average is GBX 663.92 and its 200-day moving average is GBX 626.45. Sanne Group has a fifty-two week low of GBX 418 ($5.46) and a fifty-two week high of GBX 760 ($9.93). The company has a market capitalization of $907.05 million and a PE ratio of 101.48. 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 company also recently disclosed a dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, September 17th will be given a GBX 4.80 ($0.06) dividend. This represents a yield of 0.74%. The ex-dividend date of this dividend is Thursday, September 17th. Sanne Group’s payout ratio is 229.51%.

About Sanne Group

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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Analyst Recommendations for Sanne Group (LON:SNN)

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