Shares in Sanne (SNN.L) have fallen dramatically from recent highs of 728p. Will it continue, or is this an opportunity to pick up a bargain?

• This stock is one of the more significant fallers in the period.
• Bargain hunters should be mindful of fundamentals and events, which can influence price action. Check our website and news outlets for updates.
• Is the trend your friend, or is a bounce imminent?
• The market often over-reacts to bad news. Traders should consider whether it is down for good reason, or is this another over-reaction?
• Now trading at 599.4p (at time of writing). A return to previous highs would represent a rise of 21%.
• Shares -20% from 12-month highs; +21% from 12 month lows.

Latest News

10 Jan:  RBC Capital Markets has downgraded its rating on Sanne Group Plc (SNN) to sector performer (from outperform) and increased the target price to 700p (from 660p).

10 Sep:  Sanne Group, the trust and fund administration company, posted a 50% decline in profits for the half year, due to exceptional items and smaller margins.

31 Jul:  Berenberg reiterates its buy rating on Sanne Group Plc (SNN) and reduced the target price to 650p (from 800p).

30 Jul:  RBC Capital Markets reiterates its outperform rating on Sanne Group Plc (SNN) and reduced the target price to 660p (from 950p).

30 Jul:  JP Morgan Cazenove has downgraded its rating on Sanne Group Plc (SNN) to neutral (from overweight) and reduced the target price to 680p (from 720p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

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