Shanks Group plc Price Target Cut to GBX 115 (SKS)
Investment analysts at Credit Suisse dropped their target price on shares of Shanks Group plc (LON:SKS) from GBX 125 ($2.14) to GBX 115 ($1.97) in a note issued to investors on Tuesday. The firm currently has an “outperform” rating on the stock. Credit Suisse’s price objective would indicate a potential upside of 8.49% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Liberum Capital reiterated a “hold” rating on shares of Shanks Group plc in a research note on Monday. They now have a GBX 105 ($1.79) price target on the stock. Separately, analysts at Investec downgraded shares of Shanks Group plc to a “hold” rating in a research note on Monday. They now have a GBX 110 ($1.88) price target on the stock, down previously from GBX 120 ($2.05). Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 114.57 ($1.96).
Shanks Group plc (LON:SKS) traded down 0.23% during mid-day trading on Tuesday, hitting GBX 106.50. The stock had a trading volume of 292,825 shares. Shanks Group plc has a 52 week low of GBX 83.25 and a 52 week high of GBX 121.00. The stock’s 50-day moving average is GBX 106.4 and its 200-day moving average is GBX 109.0. The company’s market cap is £423.6 million.
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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