Senior (LON:SNR) Stock Passes Above 200 Day Moving Average – What’s Next?

Senior plc (LON:SNR)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 187.78 and traded as high as GBX 191.40. Senior shares last traded at GBX 190, with a volume of 10,075,566 shares.

Analysts Set New Price Targets

A number of brokerages have issued reports on SNR. Jefferies Financial Group increased their price target on Senior from GBX 185 to GBX 230 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 275 target price on shares of Senior in a report on Friday, November 21st. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Senior currently has an average rating of “Buy” and a consensus price target of GBX 241.67.

Senior Price Performance

The company has a market cap of £785.46 million, a price-to-earnings ratio of -102.15, a P/E/G ratio of 0.11 and a beta of 1.47. The company has a current ratio of 1.56, a quick ratio of 0.84 and a debt-to-equity ratio of 59.35. The business has a 50-day moving average price of GBX 187.45 and a 200 day moving average price of GBX 187.78.

Insider Buying and Selling

In related news, insider Mary Waldner bought 10,000 shares of Senior stock in a transaction dated Friday, December 5th. The stock was acquired at an average cost of GBX 188 per share, with a total value of £18,800. Also, insider Ian King purchased 75,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The stock was bought at an average price of GBX 174 per share, with a total value of £130,500. In the last three months, insiders acquired 152,500 shares of company stock valued at $27,882,500. 1.48% of the stock is currently owned by company insiders.

About Senior

Senior is an international, market-leading, engineering solutions provider with 30 operating businesses in 13 countries*.

Senior designs, manufactures and markets high-technology components and systems for the principal original equipment producers in the worldwide aerospace, defence, land vehicle and power & energy markets.

The Group aims to create long-term sustainable growth in shareholder value through a culture of empowerment of autonomous and collaborative operations working within an effective control framework.