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

Sanne Group (LON:SNN) had its price objective 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 firm presently has a “buy” rating on the stock. HSBC’s price target indicates a potential upside of 20.44% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 720 ($9.41) price objective (up previously from GBX 650 ($8.49)) on shares of Sanne Group in a research note on Wednesday, May 15th. Liberum Capital raised Sanne Group to a “buy” rating in a research note on Friday, March 22nd. Numis Securities reissued a “buy” rating and issued a GBX 690 ($9.02) price objective on shares of Sanne Group in a research note on Monday, March 25th. Finally, Berenberg Bank raised their price objective on Sanne Group from GBX 670 ($8.75) to GBX 800 ($10.45) and gave the company a “buy” rating in a research note on Thursday, May 16th. 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 stock. The stock has a consensus rating of “Buy” and an average price target of GBX 795 ($10.39).

Shares of Sanne Group stock opened at GBX 685 ($8.95) on Thursday. 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 52 week low of GBX 446.50 ($5.83) and a 52 week high of GBX 737 ($9.63). The company has a market capitalization of $984.30 million and a price-to-earnings ratio of 54.37.

In related news, insider Martin Schnaier bought 9,520 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were bought at an average price 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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