Goldman Sachs Upgrades Shanks Group plc to Buy (SKS)
Shanks Group plc (LON:SKS) was upgraded by research analysts at Goldman Sachs to a “buy” rating in a research report issued on Tuesday. The firm currently has a GBX 123 ($2.09) price target on the stock, up from their previous price target of GBX 119 ($2.03). Goldman Sachs’ target price would indicate a potential upside of 18.27% from the company’s current price.
SKS has been the subject of a number of other recent research reports. Analysts at Barclays reiterated an “equal weight” rating on shares of Shanks Group plc in a research note on Tuesday, June 17th. They now have a GBX 104 ($1.77) price target on the stock. Separately, analysts at Liberum Capital reiterated a “hold” rating on shares of Shanks Group plc in a research note on Friday, June 13th. They now have a GBX 115 ($1.96) price target on the stock. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Shanks Group plc in a research note on Friday, May 16th. They now have a GBX 113 ($1.92) price target on the stock. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 116.71 ($1.99).
Shanks Group plc (LON:SKS) traded up 2.46% during mid-day trading on Tuesday, hitting GBX 104.00. The stock had a trading volume of 530,330 shares. Shanks Group plc has a one year low of GBX 78.00 and a one year high of GBX 121.00. The stock’s 50-day moving average is GBX 103.5 and its 200-day moving average is GBX 109.2. The company’s market cap is £413.6 million.
The company also recently announced a dividend, which is scheduled for Friday, August 1st. Shareholders of record on Wednesday, July 2nd will be paid a dividend of GBX 2.35 ($0.04) per share. This represents a dividend yield of 2.34%. The ex-dividend date is Wednesday, July 2nd.
Shanks Group plc is an international sustainable waste management company. The Company’s segment includes Solid Waste Benelux, Solid Waste UK, Hazardous Waste, Organics and UK Municipal.
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