The stock of Shanks Group plc (LON:SKS) is a huge mover today! The stock increased 4.64% or GBX 4.25 on November 3, hitting GBX 95.75. About 1.14 million shares traded hands or 34.32% up from the average. Shanks Group plc (LON:SKS) has risen 15.02% since April 6, 2016 and is uptrending. It has outperformed by 13.80% the S&P500.
The move comes after 9 months positive chart setup for the GBX 583.51 million company. It was reported on Nov, 3 by Barchart.com. We have GBX 157.99 PT which if reached, will make LON:SKS worth GBX 379.28M more.
Shanks Group plc (LON:SKS) Ratings Coverage
Out of 5 analysts covering Shanks Group PLC (LON:SKS), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. Shanks Group PLC has been the topic of 25 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Credit Suisse maintained Shanks Group plc (LON:SKS) on Friday, February 5 with “Outperform” rating. Peel Hunt maintained it with “Buy” rating and GBX 127 target price in Friday, August 5 report. On Monday, September 28 the stock rating was upgraded by Investec to “Buy”. The company was maintained on Thursday, July 23 by Credit Suisse. The firm has “Buy” rating by Peel Hunt given on Friday, April 29. RBC Capital Markets maintained the shares of SKS in a report on Tuesday, December 22 with “Sector Perform” rating. The stock of Shanks Group plc (LON:SKS) has “Buy” rating given on Tuesday, December 1 by Peel Hunt. Peel Hunt maintained Shanks Group plc (LON:SKS) on Friday, October 21 with “Buy” rating. On Thursday, November 5 the stock rating was maintained by Investec with “Buy”. On Monday, November 30 the stock rating was maintained by Credit Suisse with “Underperform”.
More news for Shanks Group plc (LON:SKS) were recently published by: Reuters.com, which released: “Shanks Group in talks to buy Dutch recycler in 440 mln euro deal” on July 07, 2016. Fool.Co.Uk‘s article titled: “Will AstraZeneca plc, Shanks Group plc And Sports Direct International Plc …” and published on February 03, 2016 is yet another important article.
Shanks Group plc is a waste-to-product company. The company has a market cap of 583.51 million GBP. The Company’s divisions include Commercial Waste, Hazardous Waste, Municipal and Group central services. It currently has negative earnings. The Commercial Waste segment collects and treats commercial waste in the Netherlands and Belgium.
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