Berenberg Bank Reaffirms Buy Rating for Senior (LON:SNR)

Senior (LON:SNR)‘s stock had its “buy” rating reissued by Berenberg Bank in a research note issued on Friday,Digital Look reports. They currently have a GBX 275 price target on the stock. Berenberg Bank’s price objective indicates a potential upside of 64.08% from the company’s current price.

A number of other brokerages have also recently commented on SNR. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 185 price target on shares of Senior in a research note on Monday, November 3rd. Deutsche Bank Aktiengesellschaft upped their target price on shares of Senior from GBX 195 to GBX 220 and gave the company a “buy” rating in a report on Monday, August 4th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 226.67.

Senior Stock Up 1.8%

Shares of LON SNR traded up GBX 3 during trading hours on Friday, hitting GBX 167.60. The company had a trading volume of 589,857 shares, compared to its average volume of 1,855,216. Senior has a 1-year low of GBX 113 and a 1-year high of GBX 223. The company has a quick ratio of 0.84, a current ratio of 1.56 and a debt-to-equity ratio of 59.35. The firm’s 50 day moving average is GBX 191.30 and its 200-day moving average is GBX 185.69. The stock has a market capitalization of £692.86 million, a P/E ratio of -90.11, a price-to-earnings-growth ratio of 0.11 and a beta of 1.47.

Insider Transactions at Senior

In related news, insider Graham Oldroyd purchased 52,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The stock was acquired at an average cost of GBX 191 per share, for a total transaction of £100,275. Also, insider Zoe Clements purchased 15,000 shares of Senior stock in a transaction that occurred on Monday, October 13th. The shares were bought at an average cost of GBX 195 per share, for a total transaction of £29,250. Insiders own 1.43% of the company’s stock.

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.