Sanne Group (SNN) Price Target Raised to GBX 800

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Sanne Group (LON:SNN) had its price target upped by Berenberg Bank from GBX 670 ($8.75) to GBX 800 ($10.45) in a research report released on Thursday, Digital Look reports. They currently have a buy rating on the stock.

Several other analysts also recently issued reports on the stock. Numis Securities reissued a buy rating and issued a GBX 690 ($9.02) price target on shares of Sanne Group in a research report on Monday, March 25th. Liberum Capital reaffirmed a hold rating on shares of Sanne Group in a report on Wednesday, January 23rd. HSBC started coverage on shares of Sanne Group in a report on Tuesday, February 12th. They set a buy rating and a GBX 715 ($9.34) price objective on the stock. Finally, JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Sanne Group in a report on Wednesday. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of GBX 764.17 ($9.99).

Shares of LON:SNN traded up GBX 4 ($0.05) during mid-day trading on Thursday, hitting GBX 690 ($9.02). The company had a trading volume of 143,133 shares, compared to its average volume of 314,684. The firm has a market capitalization of $985.73 million and a P/E ratio of 54.76. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 44.31. Sanne Group has a one year low of GBX 446.50 ($5.83) and a one year high of GBX 737 ($9.63).

The business also recently declared a dividend, which will be paid on Tuesday, May 21st. Investors of record on Thursday, April 25th will be issued a GBX 9.20 ($0.12) dividend. This is an increase from Sanne Group’s previous dividend of $4.60. This represents a dividend yield of 1.76%. The ex-dividend date is Thursday, April 25th. Sanne Group’s payout ratio is 1.11%.

In related news, insider Martin Schnaier purchased 9,520 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were bought at an average cost of GBX 520 ($6.79) per share, with a total value of £49,504 ($64,685.74).

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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