Follow The Ratings: Does Smart Sand (SND) Look Attractive? Deutsche Bank Starts Coverage

November 30, 2016 - By Marguerite Chambers

Why Deutsche Bank Gives Smart Sand (SND) $15.00 Price Target

Equity research analysts at Deutsche Bank has begun coverage on shares of Smart Sand (SND) in a analysts report shared with investors and clients on Wednesday, 30 November. The firm set a “Buy” rating on the stock. Deutsche Bank’s price target of $15.00 suggests potential of -78.69% from the stock’s previous close.

Sanderson Group plc (LON:SND) Ratings Coverage

Out of 4 analysts covering Smart Sand (SND), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $17.0 is the highest target while $13.25 is the lowest. The $14.38 average target is -79.57% below today’s ($70.4) stock price. Smart Sand has been the topic of 4 analyst reports since November 29, 2016 according to StockzIntelligence Inc. The company was initiated on Tuesday, November 29 by Goldman Sachs. Piper Jaffray initiated Sanderson Group plc (LON:SND) on Tuesday, November 29 with “Overweight” rating. Credit Suisse initiated the shares of SND in a report on Tuesday, November 29 with “Outperform” rating.

The stock increased 2.03% or $1.4 on November 30, hitting $70.4. About 286,492 shares traded hands or 429.63% up from the average. Sanderson Group plc (SND) has risen 6.00% since October 31, 2016 and is uptrending. It has outperformed by 0.77% the S&P500.

Sanderson Group PLC is a well-known provider of software solutions and information technology (IT) services. The company has a market cap of 38.49 million GBP. The Firm operates through two divisions: multi-channel retail and manufacturing. It has a 19.86 P/E ratio. The Company’s products are categorized into multi-channel software, wholesale distribution software, food and drink enterprise resource planning (ERP) software, and manufacturing resource planning (MRP)/ERP software.

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.”

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.

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.

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