Peel Hunt Downgrades Senior plc (SNR) to Reduce
Senior plc (LON:SNR) was downgraded by stock analysts at Peel Hunt to a “reduce” rating in a report issued on Thursday, Marketbeat.com reports. They currently have a GBX 260 ($3.51) price objective on the stock, up from their prior price objective of GBX 195 ($2.63). Peel Hunt’s price target indicates a potential downside of 2.11% from the company’s previous close.
A number of other analysts also recently issued reports on SNR. Berenberg Bank raised their target price on Senior plc from GBX 240 ($3.24) to GBX 310 ($4.18) and gave the stock a “buy” rating in a research note on Wednesday, August 30th. Liberum Capital reaffirmed a “hold” rating on shares of Senior plc in a research note on Thursday, September 7th. J P Morgan Chase & Co raised their target price on Senior plc from GBX 300 ($4.04) to GBX 310 ($4.18) and gave the stock an “outperform” rating in a research note on Tuesday, August 1st. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 265 ($3.57) target price on shares of Senior plc in a research note on Monday, August 7th. Finally, Raymond James Financial, Inc. raised their target price on Senior plc from GBX 260 ($3.51) to GBX 290 ($3.91) and gave the stock a “strong-buy” rating in a research note on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of GBX 240.45 ($3.24).
Senior plc (LON SNR) traded up 2.04% on Thursday, reaching GBX 265.60. 877,438 shares of the company’s stock traded hands. The stock’s market capitalization is GBX 1.11 billion. The firm has a 50-day moving average price of GBX 271.15 and a 200-day moving average price of GBX 235.45. Senior plc has a 52 week low of GBX 161.00 and a 52 week high of GBX 284.10.
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In other news, insider David Squires bought 50,000 shares of the stock in a transaction that occurred on Thursday, September 21st. The stock was bought at an average cost of GBX 258 ($3.48) per share, for a total transaction of £129,000 ($173,924.77).
About Senior plc
Senior plc is a holding company. The Company is an engineering solutions provider. The Company designs, manufactures and markets high-technology components and systems for the principal original equipment producers in the aerospace, defense, land vehicle and energy markets. It operates in two divisions: Aerospace and Flexonics.
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