Equiniti Group PLC (LON:EQN) Given “Buy” Rating at Liberum Capital
Equiniti Group PLC (LON:EQN)‘s stock had its “buy” rating reaffirmed by equities research analysts at Liberum Capital in a note issued to investors on Monday. They currently have a GBX 347 ($4.58) target price on the stock. Liberum Capital’s price target indicates a potential upside of 31.19% from the stock’s current price.
Several other brokerages have also issued reports on EQN. Citigroup Inc. lowered Equiniti Group PLC to a “neutral” rating and increased their target price for the stock from GBX 230 ($3.03) to GBX 265 ($3.50) in a research report on Tuesday, July 11th. Peel Hunt reissued an “add” rating on shares of Equiniti Group PLC in a research report on Wednesday, July 12th. Goldman Sachs Group Inc increased their target price on Equiniti Group PLC from GBX 280 ($3.69) to GBX 320 ($4.22) and gave the stock a “buy” rating in a research report on Friday, July 21st. Finally, Credit Suisse Group increased their target price on Equiniti Group PLC from GBX 210 ($2.77) to GBX 240 ($3.17) and gave the stock an “outperform” rating in a research report on Friday, June 9th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of GBX 281.67 ($3.72).
Shares of Equiniti Group PLC (EQN) opened at 264.50 on Monday. The firm has a 50-day moving average price of GBX 255.09 and a 200-day moving average price of GBX 215.92. Equiniti Group PLC has a 52 week low of GBX 163.25 and a 52 week high of GBX 275.75. The firm’s market cap is GBX 793.71 million.
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In other news, insider Guy Wakeley bought 836 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was purchased at an average price of GBX 215 ($2.84) per share, with a total value of £1,797.40 ($2,370.93). Also, insider Philip Yea bought 40,000 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was purchased at an average cost of GBX 262 ($3.46) per share, with a total value of £104,800 ($138,240.34). Insiders bought a total of 44,631 shares of company stock valued at $11,654,030 in the last three months.
About Equiniti Group PLC
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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