Senior (LON:SNR) Reaches New 52-Week High – Here’s Why

Senior plc (LON:SNR) shares hit a new 52-week high on Thursday . The company traded as high as GBX 250.49 and last traded at GBX 244.50, with a volume of 66558289 shares changing hands. The stock had previously closed at GBX 228.

Wall Street Analysts Forecast Growth

SNR has been the topic of a number of research analyst reports. Berenberg Bank restated a “buy” rating and issued a GBX 275 target price on shares of Senior in a research note on Friday, November 21st. Jefferies Financial Group boosted their price target on Senior from GBX 185 to GBX 230 and gave the company a “buy” rating in a report on Wednesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Senior from GBX 215 to GBX 255 and gave the stock a “buy” rating in a report on Friday. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Senior currently has a consensus rating of “Buy” and an average target price of GBX 253.33.

Senior Stock Up 1.0%

The company has a current ratio of 1.56, a quick ratio of 0.84 and a debt-to-equity ratio of 59.35. The firm has a market cap of £1.04 billion, a PE ratio of -134.68, a P/E/G ratio of 0.11 and a beta of 1.47. The business’s 50-day simple moving average is GBX 197.91 and its 200 day simple moving average is GBX 195.06.

Insider Activity at Senior

In related news, insider Graham Oldroyd bought 52,500 shares of the company’s stock in a transaction on Wednesday, October 29th. The shares were acquired at an average price of GBX 191 per share, with a total value of £100,275. Also, insider Mary Waldner purchased 10,000 shares of the business’s stock in a transaction dated Friday, December 5th. The stock was bought at an average price of GBX 188 per share, for a total transaction of £18,800. Insiders have acquired a total of 137,500 shares of company stock valued at $24,957,500 over the last ninety days. 1.48% of the stock is owned by company insiders.

Senior Company Profile

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.