Senior (LON:SNR) Stock Price Crosses Above 200-Day Moving Average - Should You Sell?

Key Points

• Senior plc's stock recently surpassed its 200-day moving average, reaching a trading high of GBX 196 ($2.64).
• Wall Street analysts remain optimistic, with Deutsche Bank raising their price target from GBX 195 to GBX 220 and two analysts giving the stock a strong Buy rating.
• The company reported an EPS of GBX 5.07 for the last quarter and has a market cap of £826.60 million, reflecting its strong performance in the engineering solutions sector.

Senior plc (LON:SNR - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 164.77 ($2.22) and traded as high as GBX 196 ($2.64). Senior shares last traded at GBX 196 ($2.64), with a volume of 369,616 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SNR shares. Jefferies Financial Group reiterated a "buy" rating and set a GBX 185 price objective on shares of Senior in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Senior from GBX 195 to GBX 220 and gave the company a "buy" rating in a research report on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of GBX 202.50.

Senior Stock Performance

The business's 50-day moving average price is GBX 189.75 and its 200-day moving average price is GBX 165.91. 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 market cap of £839.95 million, a PE ratio of 27.29, a P/E/G ratio of 0.11 and a beta of 1.47.

Senior (LON:SNR - Get Free Report) last issued its quarterly earnings data 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%. As a group, equities research analysts expect that Senior plc will post 5.8304196 earnings per share 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.