Equiniti Group PLC (LON:EQN) Stock Rating Reaffirmed by Peel Hunt
A number of other equities research analysts have also commented on the company. Liberum Capital reiterated an under review rating on shares of Equiniti Group PLC in a research report on Wednesday, July 12th. Citigroup Inc. lowered Equiniti Group PLC to a neutral rating and upped their price target for the company from GBX 230 ($3.00) to GBX 265 ($3.46) in a research report on Tuesday, July 11th. Goldman Sachs Group, Inc. (The) upped their price target on Equiniti Group PLC from GBX 226 ($2.95) to GBX 280 ($3.66) and gave the company a buy rating in a research report on Friday, June 30th. Finally, Credit Suisse Group upped their price target on Equiniti Group PLC from GBX 210 ($2.74) to GBX 240 ($3.13) and gave the company an outperform rating in a research report on Friday, June 9th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of GBX 252 ($3.29).
Equiniti Group PLC (LON EQN) opened at 267.50 on Wednesday. Equiniti Group PLC has a 1-year low of GBX 163.25 and a 1-year high of GBX 273.50. The firm’s market cap is GBX 802.53 million. The firm has a 50-day moving average price of GBX 225.62 and a 200 day moving average price of GBX 203.99.
In other Equiniti Group PLC news, insider Guy Wakeley bought 836 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The shares were bought at an average price of GBX 215 ($2.81) per share, for a total transaction of £1,797.40 ($2,347.09).
Equiniti Group PLC Company Profile
Equiniti Group plc provides complex administration and payment services, supported by technology platforms, to a range of organizations. The Company’s segments include Investment Solutions, Intelligent Solutions, Pension Solutions and Interest. The Investment Solutions offers a range of services, including share registration for around half the Financial Times Stock Exchange (FTSE) 100, and the administration of save as you earn (SAYE) schemes and share incentive plans.
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