Equities research analysts at HSBC started coverage on shares of Sanne Group (LON:SNN) in a research note issued on Tuesday. The brokerage set a “buy” rating and a GBX 715 ($9.34) price target on the stock. HSBC’s price target would indicate a potential upside of 41.58% from the stock’s current price.
A number of other brokerages also recently issued reports on SNN. Royal Bank of Canada restated a “top pick” rating on shares of Sanne Group in a research report on Thursday, January 10th. Berenberg Bank lowered their price objective on Sanne Group from GBX 900 ($11.76) to GBX 670 ($8.75) and set a “buy” rating for the company in a research report on Thursday, January 24th. Liberum Capital restated a “hold” rating on shares of Sanne Group in a research report on Wednesday, January 23rd. Finally, JPMorgan Chase & Co. initiated coverage on Sanne Group in a research report on Tuesday, January 15th. They set an “overweight” rating and a GBX 650 ($8.49) price objective for the company. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Sanne Group presently has an average rating of “Buy” and a consensus target price of GBX 735 ($9.60).
Shares of SNN opened at GBX 505 ($6.60) on Tuesday. Sanne Group has a 1 year low of GBX 579 ($7.57) and a 1 year high of GBX 837 ($10.94).
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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