Jefferies Financial Group Cuts Sanne Group (LON:SNN) Price Target to GBX 700

Sanne Group (LON:SNN) had its price target cut by Jefferies Financial Group from GBX 735 ($9.67) to GBX 700 ($9.21) in a research report released on Monday morning, Stock Target Advisor reports. They currently have a buy rating on the stock.

Other equities research analysts have also issued research reports about the stock. HSBC lowered shares of Sanne Group to a hold rating and upped their target price for the company from GBX 645 ($8.48) to GBX 675 ($8.88) in a research note on Monday, January 13th. Berenberg Bank reaffirmed a buy rating and set a GBX 650 ($8.55) price objective on shares of Sanne Group in a research report on Wednesday, January 29th. Liberum Capital reaffirmed a hold rating on shares of Sanne Group in a research report on Monday, March 16th. Finally, Royal Bank of Canada cut shares of Sanne Group to a sector performer rating and upped their target price for the stock from GBX 660 ($8.68) to GBX 700 ($9.21) in a research report on Friday, January 10th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of GBX 679.29 ($8.94).

LON:SNN opened at GBX 592.29 ($7.79) on Monday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 75.64. The firm has a market capitalization of $890.93 million and a price-to-earnings ratio of 65.09. The firm’s fifty day simple moving average is GBX 575.73 and its 200 day simple moving average is GBX 593.28. Sanne Group has a twelve month low of GBX 474.45 ($6.24) and a twelve month high of GBX 762 ($10.02).

The company also recently declared a dividend, which will be paid on Wednesday, May 20th. Investors of record on Thursday, April 23rd will be given a GBX 9.40 ($0.12) dividend. This represents a dividend yield of 1.88%. The ex-dividend date of this dividend is Thursday, April 23rd. This is an increase from Sanne Group’s previous dividend of $4.70. Sanne Group’s dividend payout ratio is 1.54%.

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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