The stock of Sanderson Group plc (LON:SND) hit a new 52-week high and has $74.20 target or 7.00% above today’s $69.35 share price. The 6 months bullish chart indicates low risk for the $38.78M company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $74.20 price target is reached, the company will be worth $2.71 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock decreased 0.94% or GBX 0.65 on November 23, hitting GBX 69.35. About 32,563 shares traded hands. Sanderson Group plc (LON:SND) has declined 9.09% since April 25, 2016 and is downtrending. It has underperformed by 14.42% the S&P500.
Sanderson Group plc (LON:SND) Ratings Coverage
Out of 3 analysts covering Sanderson Group PLC (LON:SND), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Sanderson Group PLC has been the topic of 9 analyst reports since October 27, 2015 according to StockzIntelligence Inc. Panmure Gordon maintained the shares of SND in a report on Tuesday, October 27 with “Buy” rating. The stock has “Buy” rating given by Panmure Gordon on Tuesday, July 26. The stock of Sanderson Group plc (LON:SND) earned “Buy” rating by Panmure Gordon on Tuesday, December 1. The rating was maintained by WH Ireland with “Buy” on Tuesday, October 27. The rating was maintained by Panmure Gordon on Tuesday, April 26 with “Buy”. Panmure Gordon maintained the stock with “Buy” rating in Tuesday, June 21 report. The stock of Sanderson Group plc (LON:SND) earned “Buy” rating by Panmure Gordon on Wednesday, May 11. The company was maintained on Wednesday, June 8 by Panmure Gordon.
Sanderson Group PLC is a well-known provider of software solutions and information technology (IT) services. The company has a market cap of 38.78 million GBP. The Firm operates through two divisions: multi-channel retail and manufacturing. It has a 19.57 P/E ratio. The Company’s products are categorized into multi-channel software, wholesale distribution software, food and drink enterprise resource planning (ERP) software, and manufacturing resource planning (MRP)/ERP software.
SND Company Profile
Smart Sand, Inc. is a producer of Northern White raw frac sand. The Firm sells its products primarily to oil and natural gas exploration and production companies, and oilfield service companies. The Firm owns and operates a raw frac sand mine and related processing facility near Oakdale, Wisconsin, at which it has approximately 244 million tons of proven recoverable sand reserves and approximately 92 million tons of probable recoverable sand reserves as of December 31, 2015, respectively. The Company’s Oakdale facility is situated on approximately 1,196 contiguous acres, with on-site processing and rail loading facilities. The Company’s integrated Oakdale facility, with on-site rail infrastructure and wet and dry sand processing facilities, is served by two Class I rail lines. In addition to the Oakdale facility, it owns a second property in Jackson County, Wisconsin, which it calls the Hixton site. The Company’s Hixton site consists of approximately 959 acres in Jackson County, Wisconsin.
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