Senior (LON:SNR) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of Senior plc (LON:SNR) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 186.69 and traded as high as GBX 189.80. Senior shares last traded at GBX 189, with a volume of 449,864 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SNR shares. Jefferies Financial Group boosted their price objective on Senior from GBX 185 to GBX 230 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Berenberg Bank reiterated a “buy” rating and issued a GBX 275 price target on shares of Senior in a research report on Friday, November 21st. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Senior currently has an average rating of “Buy” and an average target price of GBX 241.67.

Senior Stock Performance

The firm has a market capitalization of £781.33 million, a PE ratio of -101.61, a price-to-earnings-growth ratio of 0.11 and a beta of 1.47. The company has a debt-to-equity ratio of 59.35, a quick ratio of 0.84 and a current ratio of 1.56. The business’s fifty day simple moving average is GBX 188.65 and its 200-day simple moving average is GBX 186.69.

Insider Activity at Senior

In related news, insider Zoe Clements purchased 15,000 shares of Senior stock in a transaction on Monday, October 13th. The shares were bought at an average cost of GBX 195 per share, for a total transaction of £29,250. Also, insider Ian King purchased 75,000 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was bought at an average price of GBX 174 per share, for a total transaction of £130,500. Over the last ninety days, insiders purchased 142,500 shares of company stock valued at $26,002,500. Corporate insiders own 1.43% of the company’s stock.

About Senior

Senior is an international, market-leading, engineering solutions provider with 30 operating businesses in 13 countries*.

Senior designs, manufactures and markets high-technology components and systems for the principal original equipment producers in the worldwide aerospace, defence, land vehicle and power & energy markets.

The Group aims to create long-term sustainable growth in shareholder value through a culture of empowerment of autonomous and collaborative operations working within an effective control framework.