Jefferies Group Reaffirms “Hold” Rating for Equiniti Group PLC (EQN)
Equiniti Group PLC (LON:EQN)‘s stock had its “hold” rating reaffirmed by equities research analysts at Jefferies Group in a note issued to investors on Friday.
Several other brokerages have also commented on EQN. Goldman Sachs Group Inc. restated a “buy” rating and issued a GBX 231 ($2.82) price target on shares of Equiniti Group PLC in a research note on Wednesday, August 3rd. Peel Hunt assumed coverage on shares of Equiniti Group PLC in a research note on Wednesday, September 14th. They issued a “buy” rating and a GBX 195 ($2.38) price target on the stock. Liberum Capital dropped their price target on shares of Equiniti Group PLC from GBX 250 ($3.05) to GBX 245 ($2.99) and set a “buy” rating on the stock in a research note on Wednesday, July 27th. Barclays PLC restated an “overweight” rating and issued a GBX 225 ($2.74) price target on shares of Equiniti Group PLC in a research note on Friday, September 23rd. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of Equiniti Group PLC in a research note on Friday, September 9th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Equiniti Group PLC has a consensus rating of “Buy” and a consensus price target of GBX 217.67 ($2.65).
Equiniti Group PLC (LON:EQN) traded up 1.62% on Friday, reaching GBX 203.75. The company had a trading volume of 435,411 shares. The stock’s 50-day moving average price is GBX 188.55 and its 200 day moving average price is GBX 176.16. The firm’s market capitalization is GBX 611.25 million. Equiniti Group PLC has a 52-week low of GBX 127.50 and a 52-week high of GBX 205.00.
The business also recently disclosed a dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Thursday, August 25th will be issued a GBX 1.64 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, August 25th. This is a boost from Equiniti Group PLC’s previous dividend of $0.68. This represents a dividend yield of 0.95%.
In related news, insider Wakeley,Guy acquired 5,917 shares of the firm’s stock in a transaction dated Friday, July 29th. The stock was acquired at an average cost of GBX 169 ($2.06) per share, for a total transaction of £9,999.73 ($12,187.36).
Equiniti Group PLC Company Profile
Equiniti Group plc provides administration, processing and payment services, as well as smart technology solutions for complex and regulated markets. The Company operates in four segments: Investment Solutions, Intelligent Solutions, Pension Solutions and Interest Income supported by central functions.
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