Sanne Group PLC (LON:SNN) Plans Dividend of GBX 4.70
Sanne Group PLC (LON:SNN) announced a dividend on Tuesday, September 10th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, September 19th will be given a dividend of GBX 4.70 ($0.06) per share on Friday, October 18th. This represents a yield of 0.89%. The ex-dividend date is Thursday, September 19th. The official announcement can be seen at this link.
Shares of SNN remained flat at $GBX 530 ($6.93) during trading hours on Wednesday. 439,405 shares of the stock were exchanged, compared to its average volume of 314,684. The stock has a market capitalization of $793.69 million and a price-to-earnings ratio of 42.06. Sanne Group has a 1 year low of GBX 446.50 ($5.83) and a 1 year high of GBX 762 ($9.96). The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 44.31. The stock has a 50-day moving average of GBX 562.92 and a two-hundred day moving average of GBX 608.35.
SNN has been the topic of several recent analyst reports. Royal Bank of Canada reduced their price target on shares of Sanne Group from GBX 950 ($12.41) to GBX 660 ($8.62) and set an “outperform” rating on the stock in a research note on Tuesday, July 30th. JPMorgan Chase & Co. cut shares of Sanne Group to a “neutral” rating and lowered their price objective for the company from GBX 720 ($9.41) to GBX 680 ($8.89) in a research report on Tuesday, July 30th. HSBC boosted their target price on shares of Sanne Group from GBX 715 ($9.34) to GBX 825 ($10.78) and gave the stock a “buy” rating in a research note on Thursday, June 13th. Numis Securities lowered shares of Sanne Group to an “add” rating and set a GBX 770 ($10.06) target price on the stock. in a research report on Thursday, May 16th. Finally, Liberum Capital reissued a “hold” rating on shares of Sanne Group in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of GBX 705.83 ($9.22).
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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