In a report released today, Andrew Douglas from Jefferies reiterated a Buy rating on Senior plc (SNR – Research Report), with a price target of p185.00.
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Andrew Douglas has given his Buy rating due to a combination of factors surrounding Senior plc’s potential business transaction. The company is reportedly nearing a deal to sell its Aerostructures division to Sullivan Street Partners, which could be valued at approximately £200 million. This potential sale aligns with Senior plc’s strategic direction, as management has previously indicated plans to dispose of this business segment.
While the deal has not been officially confirmed, the market is likely to react favorably to the valuation if it materializes. The possibility of a successful transaction could enhance Senior plc’s financial position and streamline its operations, making the stock an attractive investment opportunity. Therefore, Andrew Douglas reiterates a Buy rating, anticipating positive market sentiment and potential growth for the company.
In another report released on April 25, Deutsche Bank also maintained a Buy rating on the stock with a £1.95 price target.