Senior (LON:SNR) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Key Points

• Senior plc's shares recently crossed above their 200-day moving average, reaching a high of GBX 198.40 ($2.68) during trading, with the last price at GBX 197.99 ($2.67).
• Analysts from Jefferies Financial Group and Deutsche Bank have reaffirmed a "buy" rating for Senior's stock, with target prices of GBX 185 ($2.50) and GBX 220 ($2.97) respectively.
• Senior reported earnings of GBX 5.07 ($0.07) per share for the last quarter, and is projected to have earnings per share of approximately 5.83 for the current fiscal year.

Senior plc (LON:SNR - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 163.33 ($2.21) and traded as high as GBX 198.40 ($2.68). Senior shares last traded at GBX 197.99 ($2.68), with a volume of 535,728 shares changing hands.

Analyst Ratings Changes

A number of brokerages have issued reports on SNR. Jefferies Financial Group reissued a "buy" rating and issued a GBX 185 ($2.50) target price on shares of Senior in a research report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upped their price objective on Senior from GBX 195 ($2.64) to GBX 220 ($2.98) and gave the stock a "buy" rating in a research report on Monday, August 4th.

Senior Stock Down 0.4%

The stock has a market cap of £826.41 million, a PE ratio of 26.85, a price-to-earnings-growth ratio of 0.11 and a beta of 1.47. The firm has a fifty day moving average of GBX 185.15 and a 200 day moving average of GBX 163.84. The company has a quick ratio of 0.84, a current ratio of 1.56 and a debt-to-equity ratio of 59.35.

Senior (LON:SNR - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported GBX 5.07 ($0.07) EPS for the quarter. Senior had a return on equity of 6.67% and a net margin of 3.09%. On average, equities research analysts anticipate that Senior plc will post 5.8304196 EPS for the current fiscal year.

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.