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

Key Points

• Berenberg Bank has reasserted its "buy" rating for Senior (LON:SNR), setting a price target of GBX 275, which suggests a potential upside of 45.66% from the stock's previous close.
• Several research firms, including Jefferies and Deutsche Bank, have also rated the stock as a "buy," with an average price target of GBX 226.67.
• Senior's shares increased by 1.7% to GBX 188.80 during midday trading, with a market capitalization of £780.50 million.

Senior (LON:SNR - Get Free Report)'s stock had its "buy" rating reiterated by Berenberg Bank in a note issued to investors on Monday,London Stock Exchange reports. They currently have a GBX 275 price objective on the stock. Berenberg Bank's price target indicates a potential upside of 45.66% from the stock's previous close.

A number of other research firms also recently issued reports on SNR. Jefferies Financial Group restated a "buy" rating and issued a GBX 185 target price on shares of Senior in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft boosted 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 equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of GBX 226.67.

Senior Trading Up 1.7%

Shares of LON SNR traded up GBX 3.20 during midday trading on Monday, reaching GBX 188.80. 230,975 shares of the stock were exchanged, compared to its average volume of 1,596,831. The company has a market capitalization of £780.50 million, a P/E ratio of -101.51, a P/E/G ratio of 0.11 and a beta of 1.47. Senior has a 52-week low of GBX 113 and a 52-week high of GBX 223. 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 stock has a 50 day moving average price of GBX 195.82 and a 200-day moving average price of GBX 175.09.

Senior (LON:SNR - Get Free Report) last released its earnings results on Monday, August 4th. The company reported GBX 5.07 earnings per share (EPS) for the quarter. Senior had a net margin of 3.09% and a return on equity of 6.67%. Equities research analysts expect that Senior will post 5.8304196 earnings per share for the current fiscal year.

Insider Transactions at Senior

In other Senior news, insider Zoe Clements acquired 15,000 shares of the firm's stock in a transaction on Monday, October 13th. The stock was bought at an average cost of GBX 195 per share, for a total transaction of £29,250. 1.41% of the stock is currently owned by corporate 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.

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