The stock of Sanderson Group plc (LON:SND) hit a new 52-week high and has $72.81 target or 4.00% above today’s $70.01 share price. The 6 months bullish chart indicates low risk for the $38.28M company. The 1-year high was reported on Nov, 30 by Barchart.com. If the $72.81 price target is reached, the company will be worth $1.53M 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. About 215,992 shares traded hands or 299.30% up from the average. Sanderson Group plc (LON:SND) has declined 15.34% since May 2, 2016 and is downtrending. It has underperformed by 20.56% 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. GBX 107 is the highest target while GBX 83 is the lowest. The GBX 95 average target is 35.69% above today’s (GBX 70.01) stock price. Sanderson Group PLC has been the topic of 10 analyst reports since October 27, 2015 according to StockzIntelligence Inc. Panmure Gordon maintained the shares of SND in a report on Tuesday, July 26 with “Buy” rating. Panmure Gordon maintained it with “Buy” rating and GBX 86 target price in Tuesday, April 26 report. The firm has “Buy” rating given on Wednesday, May 11 by Panmure Gordon. The rating was maintained by WH Ireland on Tuesday, October 27 with “Buy”. On Tuesday, December 1 the stock rating was maintained by Panmure Gordon with “Buy”. The stock of Sanderson Group plc (LON:SND) has “Buy” rating given on Tuesday, October 27 by Panmure Gordon. Panmure Gordon maintained Sanderson Group plc (LON:SND) rating on Wednesday, June 8. Panmure Gordon has “Buy” rating and GBX 107 price target. The company was maintained on Tuesday, June 21 by Panmure Gordon. N+1 Singer maintained the shares of SND in a report on Wednesday, November 30 with “Corporate” rating.
According to Zacks Investment Research, “Smart Sand, Inc. is a producer of northern white raw frac sand for the oil and gas industry. It offers proppant and related logistics services for oil and gas recovery from unconventional wells. Smart Sand, Inc. is headquartered in the Woodlands, Texas.”
More news for Sanderson Group plc (LON:SND) were recently published by: Marketwatch.com, which released: “Sanderson Group PLC” on June 20, 2011. Reuters.com‘s article titled: “UK Stocks-Factors to watch on Nov. 30” and published on November 30, 2016 is yet another important article.
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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