Sanne Group (LON:SNN) was upgraded by equities research analysts at Liberum Capital to a “buy” rating in a report issued on Friday.
SNN has been the subject of several other reports. JPMorgan Chase & Co. started coverage on shares of Sanne Group in a report on Tuesday, January 15th. They issued an “overweight” rating and a GBX 650 ($8.49) price objective for the company. Royal Bank of Canada restated a “top pick” rating on shares of Sanne Group in a report on Thursday, January 10th. Berenberg Bank decreased their price objective on shares of Sanne Group from GBX 900 ($11.76) to GBX 670 ($8.75) and set a “buy” rating for the company in a report on Thursday, January 24th. Finally, HSBC started coverage on shares of Sanne Group in a report on Tuesday, February 12th. They issued a “buy” rating and a GBX 715 ($9.34) price objective for the company. One 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 stock. Sanne Group currently has an average rating of “Buy” and an average price target of GBX 735 ($9.60).
LON:SNN opened at GBX 503.30 ($6.58) on Friday. The company has a debt-to-equity ratio of 39.37, a current ratio of 1.65 and a quick ratio of 1.65. Sanne Group has a 52 week low of GBX 446.50 ($5.83) and a 52 week high of GBX 737 ($9.63). The firm has a market cap of $737.93 million and a P/E ratio of 43.77.
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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