Sanne Group PLC (LON:SNN) Insider Buys £1,715.61 in Stock

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).

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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).

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