Savills (LON:SVS) Shares Pass Above 200-Day Moving Average – What’s Next?

Savills plc (LON:SVS) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 903.91 and traded as high as GBX 1,078. Savills shares last traded at GBX 1,070, with a volume of 26,894,457 shares trading hands.

Analysts Set New Price Targets

SVS has been the subject of a number of research analyst reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,375 price target on shares of Savills in a research note on Friday, August 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 1,343 price objective on shares of Savills in a research report on Friday, August 14th. Finally, Shore Capital Group restated a “buy” rating and issued a GBX 1,210 target price on shares of Savills in a report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of GBX 1,309.33.

Savills Stock Performance

The business has a 50-day moving average of GBX 955.89 and a 200 day moving average of GBX 903.77. The company has a debt-to-equity ratio of 113.66, a current ratio of 1.11 and a quick ratio of 1.22. The company has a market cap of £1.40 billion, a PE ratio of 20.45, a PEG ratio of 2.09 and a beta of 1.24.

Savills (LON:SVS) last announced its earnings results on Thursday, August 13th. The company reported GBX 17.90 earnings per share (EPS) for the quarter. Savills had a return on equity of 8.94% and a net margin of 2.50%. Equities research analysts anticipate that Savills plc will post 76.1455526 EPS for the current fiscal year.

About Savills

Founded in the UK in 1855, Savills is one of the world’s leading property agents. Our experience and expertise spans the globe, with 600 offices across the Americas, Europe, Asia Pacific, Africa and the Middle East.

Our scale gives us wide-ranging specialist and local knowledge, and we take pride in providing best-in-class advice as we help individuals, businesses and institutions make better property decisions.