Sanne Group PLC (LON:SNN) insider Rupert Robson purchased 249 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was acquired at an average cost of GBX 689 ($9.00) per share, with a total value of £1,715.61 ($2,241.75).
Shares of SNN stock opened at GBX 682 ($8.91) on Thursday. Sanne Group PLC has a fifty-two week low of GBX 446.50 ($5.83) and a fifty-two week high of GBX 737 ($9.63). The stock has a market cap of $977.14 million and a P/E ratio of 54.13. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 44.31.
The company also recently announced a dividend, which was paid on Tuesday, May 21st. Investors of record on Thursday, April 25th were paid a dividend of GBX 9.20 ($0.12) per share. The ex-dividend date was Thursday, April 25th. This represents a yield of 1.76%. This is a boost from Sanne Group’s previous dividend of $4.60. Sanne Group’s dividend payout ratio (DPR) is currently 1.11%.
Several research firms have recently issued reports on SNN. Berenberg Bank increased their price target on Sanne Group from GBX 670 ($8.75) to GBX 800 ($10.45) and gave the stock a “buy” rating in a research note on Thursday, May 16th. Liberum Capital raised Sanne Group to a “buy” rating in a research note on Friday, March 22nd. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 720 ($9.41) target price (up previously from GBX 650 ($8.49)) on shares of Sanne Group in a research note on Wednesday, May 15th. Numis Securities cut Sanne Group to an “add” rating and set a GBX 770 ($10.06) target price for the company. in a research note on Thursday, May 16th. Finally, HSBC raised their target price on Sanne Group from GBX 715 ($9.34) to GBX 825 ($10.78) and gave the company a “buy” rating in a research note on Thursday. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of GBX 795 ($10.39).
TRADEMARK VIOLATION NOTICE: This report was first posted by American Banking News and is owned by of American Banking News. If you are reading this report on another site, it was stolen and republished in violation of US & international trademark & copyright law. The original version of this report can be accessed at https://www.americanbankingnews.com/2019/06/13/sanne-group-plc-lonsnn-insider-buys-1715-61-in-stock.html.
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).
Recommended Story: What Does Beta Mean In Stock Selection
Receive News & Ratings for Sanne Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sanne Group and related companies with MarketBeat.com's FREE daily email newsletter.