Sanne Group (LON:SNN) PT Raised to GBX 825 at HSBC

Sanne Group (LON:SNN) had its target price boosted by analysts at HSBC from GBX 715 ($9.34) to GBX 825 ($10.78) in a research report issued to clients and investors on Thursday, ThisIsMoney.Co.Uk reports. The brokerage currently has a “buy” rating on the stock. HSBC’s price target points to a potential upside of 19.57% from the stock’s current price.

SNN has been the subject of several other reports. Liberum Capital reaffirmed a “buy” rating on shares of Sanne Group in a research note on Wednesday, May 8th. Berenberg Bank reaffirmed a “buy” rating on shares of Sanne Group in a research note on Wednesday, March 27th. Numis Securities downgraded Sanne Group to an “add” rating and set a GBX 770 ($10.06) price objective for the company. in a research note on Thursday, May 16th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 720 ($9.41) price objective (up from GBX 650 ($8.49)) on shares of Sanne Group in a research note on Wednesday, May 15th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 795 ($10.39).

LON SNN opened at GBX 690 ($9.02) on Thursday. Sanne Group has a 1-year low of GBX 446.50 ($5.83) and a 1-year high of GBX 737 ($9.63). The company has a market capitalization of $988.60 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.

In related news, insider Rupert Robson bought 249 shares of the stock in a transaction on Wednesday, June 12th. The shares were purchased at an average price of GBX 689 ($9.00) per share, for a total transaction of £1,715.61 ($2,241.75). Also, insider Martin Schnaier bought 9,520 shares of the stock in a transaction on Friday, March 22nd. The shares were bought at an average price of GBX 520 ($6.79) per share, for a total transaction of £49,504 ($64,685.74).

Sanne Group Company Profile

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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