Savills (LON:SVS) Shares Pass Above 200 Day Moving Average – Here’s Why

Savills plc (LON:SVS) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 914.80 and traded as high as GBX 923. Savills shares last traded at GBX 912.54, with a volume of 261,872 shares trading hands.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 1,210 price objective on shares of Savills in a report on Friday, May 8th. Berenberg Bank reissued a “buy” rating and set a GBX 1,375 target price on shares of Savills in a research note on Wednesday, July 15th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 1,292.50.

Savills Price Performance

The firm has a market capitalization of £1.26 billion, a P/E ratio of 18.51, a price-to-earnings-growth ratio of 2.09 and a beta of 1.25. The business has a fifty day moving average of GBX 858.97 and a 200-day moving average of GBX 914.80. The company has a debt-to-equity ratio of 80.81, a quick ratio of 1.22 and a current ratio of 1.17.

Insider Transactions at Savills

In other Savills news, insider Simon J. B. Shaw sold 43,468 shares of the business’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of GBX 840, for a total transaction of £365,131.20. Company insiders own 1.75% of the company’s stock.

About Savills

Founded in the UK in 1855, Savills is one of the world’s leading property agents. Our experience and expertise spans the globe, with 600 offices across the Americas, Europe, Asia Pacific, Africa and the Middle East.

Our scale gives us wide-ranging specialist and local knowledge, and we take pride in providing best-in-class advice as we help individuals, businesses and institutions make better property decisions.