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Prices & Quotes - UK Markets - Sanne Group (SNN)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
564.00p
Change Today:
0.000p
Market Cap:
830.72m
Sector:
Financial Services

Sanne rallies on RBC Capital markets upgrade

By Michele Maatouk

Date: Monday 12 Oct 2020

LONDON (ShareCast) - (Sharecast News) - RBC Capital Markets upgraded alternative asset services firm Sanne to 'outperform' from 'sector perform' on Monday, lifting the price target to 730p from 600p.
RBC said that while it continues to forecast slightly slower organic growth in 2021, reflecting some impact on new business wins and the pace of onboarding, medium-term structural drivers in the alternatives segment are robust.

"We expect the trend in outsourcing, increased regulation, the growth in allocation to alternatives and the growth in assets under management to continue to drive high single digit organic growth rates.

"The bigger players should be in a position to take a disproportionate share, given the ability to add structures and services in multiple jurisdictions, as well as being able to invest in technology that potentially reduces cost to serve and provides a better customer experience."

The bank also said that cost issues at Sanne look to have been put to bed and the business looks in good shape to continue its strong organic profit growth trajectory "with M&A on top".

"With a shortage of genuine growth names in the sector at reasonable valuations, we move to outperform," it said.

At 1100 BST, the shares were up 9% at 680p.

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Sanne Group Market Data

Currency UK Pounds
Price 564.00p
Change Today 0.000p
52 Week High 728.00p
52 Week Low 468.50p
Volume 1,001
Shares Issued 147.29m
Market Cap 830.72m

Performance Indicators

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Income
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Dividend Yield
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EPS Growth
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Operating Margin
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What The Brokers Say

Strong Buy 6
Buy 0
Neutral 3
Sell 0
Strong Sell 1
Total 10
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Sanne Group Dividends

  Latest Previous
  Interim Final
Ex-Div 17-Sep-20 23-Apr-20
Paid 16-Oct-20 20-May-20
Amount 4.80p 9.40p

Trades for 30-Nov-2020

Time Volume / Share Price
08:03 1 @ 560.00p
08:01 1,000 @ 558.83p

Sanne Group Key Personnel

CFO James Ireland
CEO Martin Schnaier