JPMorgan Chase & Co. Trims Sanne Group (LON:SNN) Target Price to GBX 650
Sanne Group (LON:SNN) had its price objective cut by JPMorgan Chase & Co. from GBX 680 ($8.37) to GBX 650 ($8.00) in a report published on Friday, Stock Target Advisor reports. They currently have a neutral rating on the stock.
A number of other analysts also recently weighed in on the company. HSBC cut their target price on Sanne Group from GBX 675 ($8.31) to GBX 655 ($8.06) and set a hold rating for the company in a research report on Friday, May 15th. Berenberg Bank upped their target price on Sanne Group from GBX 600 ($7.38) to GBX 725 ($8.92) and gave the company a buy rating in a research report on Thursday, June 25th. Jefferies Financial Group cut their target price on Sanne Group from GBX 735 ($9.05) to GBX 700 ($8.61) and set a buy rating for the company in a research report on Monday, March 23rd. Finally, Liberum Capital downgraded Sanne Group to a hold rating and cut their target price for the company from GBX 630 ($7.75) to GBX 610 ($7.51) in a research report on Thursday, June 18th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Sanne Group has a consensus rating of Hold and an average price target of GBX 673.33 ($8.29).
LON:SNN opened at GBX 647 ($7.96) on Friday. The stock has a fifty day moving average price of GBX 644.96 and a 200-day moving average price of GBX 626.06. The company has a market cap of $948.08 million and a price-to-earnings ratio of 106.07. The company has a debt-to-equity ratio of 97.43, a quick ratio of 2.50 and a current ratio of 2.67. Sanne Group has a fifty-two week low of GBX 418 ($5.14) and a fifty-two week high of GBX 762 ($9.38).
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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