S&U (LON:SUS) Share Price Crosses Above 200-Day Moving Average - Here's Why

Key Points

• S&U shares crossed above its 200-day moving average (GBX 2,037.86), trading as high as GBX 2,080 and last at GBX 2,020 on a volume of 15,989 shares.
• Berenberg cut its price target from GBX 2,350 to GBX 2,220 and maintained a "hold" rating, while the consensus is a Moderate Buy with a target of GBX 2,110 (one Buy, one Hold).
• The company has a market cap of £244.8m, a PE of 10.32, reported quarterly EPS of GBX 195.20 and a net margin of 22.07%, but carries a high debt-to-equity ratio of 97.18.

S&U plc (LON:SUS - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,037.86 and traded as high as GBX 2,080. S&U shares last traded at GBX 2,020, with a volume of 15,989 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank cut their price objective on shares of S&U from GBX 2,350 to GBX 2,220 and set a "hold" rating for the company in a report on Tuesday, April 21st. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, S&U presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 2,110.

S&U Stock Down 0.2%

The firm has a market cap of £244.84 million, a PE ratio of 10.32 and a beta of 0.56. The business's 50 day moving average price is GBX 1,990.86 and its 200 day moving average price is GBX 2,037.86. The company has a debt-to-equity ratio of 97.18, a current ratio of 1,290.95 and a quick ratio of 58.00.

S&U (LON:SUS - Get Free Report) last released its earnings results on Tuesday, April 21st. The company reported GBX 195.20 EPS for the quarter. The business had revenue of £107.43 million during the quarter. S&U had a net margin of 22.07% and a return on equity of 9.68%. On average, equities research analysts expect that S&U plc will post 231.3253012 earnings per share for the current year.

S&U Company Profile

S&U plc provides motor, property bridging, and specialist finance in the United Kingdom. The company was incorporated in 1938 and is headquartered in Solihull, the United Kingdom.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.