Liberum Capital Downgrades Sanne Group (SNN) to Hold

Liberum Capital downgraded shares of Sanne Group (LON:SNN) to a hold rating in a research report report published on Friday morning, ThisIsMoney.Co.Uk reports. Liberum Capital currently has GBX 705 ($9.21) target price on the stock, up from their prior target price of GBX 625 ($8.17).

Other equities analysts have also issued reports about the stock. JPMorgan Chase & Co. reiterated an overweight rating and set a GBX 720 ($9.41) target price (up from GBX 650 ($8.49)) on shares of Sanne Group in a report on Wednesday, May 15th. Numis Securities reiterated a buy rating and set a GBX 690 ($9.02) target price on shares of Sanne Group in a report on Monday, March 25th. Berenberg Bank lifted their target price on shares of Sanne Group from GBX 670 ($8.75) to GBX 800 ($10.45) and gave the company a buy rating in a report on Thursday, May 16th. Finally, HSBC assumed coverage on shares of Sanne Group in a report on Tuesday, February 12th. They set a buy rating and a GBX 715 ($9.34) target price for the company. Two equities research 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 company has an average rating of Buy and an average price target of GBX 776.67 ($10.15).

SNN stock opened at GBX 674 ($8.81) on Friday. 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 cap of $965.67 million and a PE ratio of 53.49. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 44.31.

The firm also recently announced a dividend, which was paid on Tuesday, May 21st. Stockholders of record on Thursday, April 25th were issued a dividend of GBX 9.20 ($0.12) per share. This represents a dividend yield of 1.76%. This is a positive change from Sanne Group’s previous dividend of $4.60. The ex-dividend date was Thursday, April 25th. Sanne Group’s dividend payout ratio (DPR) is presently 1.11%.

In other news, insider Martin Schnaier acquired 9,520 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The stock was bought at an average cost of GBX 520 ($6.79) per share, for a total transaction 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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