Sanne Group (LON:SNN) had its price target dropped by equities researchers at Berenberg Bank from GBX 915 ($12.83) to GBX 900 ($12.62) in a note issued to investors on Thursday. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 43.08% from the stock’s previous close.
Separately, Liberum Capital downgraded shares of Sanne Group to a “hold” rating and cut their price objective for the stock from GBX 905 ($12.69) to GBX 745 ($10.45) in a research report on Wednesday.
Shares of Sanne Group (LON SNN) traded up GBX 8 ($0.11) during mid-day trading on Thursday, reaching GBX 629 ($8.82). 551,512 shares of the company’s stock traded hands, compared to its average volume of 145,306. The firm has a market capitalization of $878.78 and a P/E ratio of 5,241.67. Sanne Group has a 1 year low of GBX 600 ($8.41) and a 1 year high of GBX 837 ($11.74).
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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