HSBC Lowers Sanne Group (LON:SNN) to Hold
HSBC cut shares of Sanne Group (LON:SNN) to a hold rating in a research note released on Monday, Digital Look reports. They currently have GBX 675 ($8.88) price objective on the stock, up from their previous price objective of GBX 645 ($8.48).
SNN has been the subject of a number of other research reports. Royal Bank of Canada lowered shares of Sanne Group to a sector performer rating and boosted their price target for the company from GBX 660 ($8.68) to GBX 700 ($9.21) in a research note on Friday. Berenberg Bank restated a buy rating on shares of Sanne Group in a research note on Friday, October 4th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of GBX 687.50 ($9.04).
SNN stock traded down GBX 20 ($0.26) during midday trading on Monday, reaching GBX 610 ($8.02). 132,703 shares of the company’s stock traded hands, compared to its average volume of 314,684. The company has a market cap of $889.47 million and a price-to-earnings ratio of 67.03. The firm’s fifty day moving average price is GBX 673.48 and its 200-day moving average price is GBX 605.66. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 75.64. Sanne Group has a 52 week low of GBX 446.50 ($5.87) and a 52 week high of GBX 762 ($10.02).
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).
Further Reading: Risk Tolerance
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