Equiniti Group PLC (LON:EQN) has been assigned an average recommendation of “Buy” from the nine brokerages that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 281.67 ($3.67).

EQN has been the subject of a number of recent research reports. Citigroup Inc. downgraded Equiniti Group PLC to a “neutral” rating and boosted their target price for the stock from GBX 230 ($3.00) to GBX 265 ($3.45) in a research report on Tuesday, July 11th. Peel Hunt reiterated an “add” rating and issued a GBX 212 ($2.76) price objective on shares of Equiniti Group PLC in a report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) dropped their price objective on Equiniti Group PLC from GBX 236 ($3.07) to GBX 226 ($2.94) and set a “buy” rating for the company in a report on Wednesday, April 26th. Liberum Capital reiterated a “buy” rating and issued a GBX 245 ($3.19) price objective on shares of Equiniti Group PLC in a report on Tuesday, April 25th. Finally, Credit Suisse Group upped their price objective on Equiniti Group PLC from GBX 210 ($2.73) to GBX 240 ($3.13) and gave the company an “outperform” rating in a report on Friday, June 9th.

In other news, insider Philip Yea acquired 40,000 shares of Equiniti Group PLC stock in a transaction dated Monday, July 31st. The stock was bought at an average cost of GBX 262 ($3.41) per share, with a total value of £104,800 ($136,476.10). Also, insider Guy Wakeley acquired 3,795 shares of Equiniti Group PLC stock in a transaction dated Friday, July 28th. The shares were purchased at an average cost of GBX 262 ($3.41) per share, with a total value of £9,942.90 ($12,948.17). Insiders have bought 44,631 shares of company stock valued at $11,654,030 over the last ninety days.

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Shares of Equiniti Group PLC (EQN) traded up 2.84% on Friday, hitting GBX 272.00. The stock had a trading volume of 269,808 shares. Equiniti Group PLC has a 52 week low of GBX 163.25 and a 52 week high of GBX 273.50. The firm has a 50 day moving average price of GBX 259.28 and a 200-day moving average price of GBX 217.57. The company’s market cap is GBX 816.22 million.

The firm also recently announced a dividend, which will be paid on Thursday, October 26th. Shareholders of record on Thursday, September 14th will be paid a GBX 1.75 ($0.02) dividend. The ex-dividend date is Thursday, September 14th. This represents a yield of 0.66%.

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.

Analyst Recommendations for Equiniti Group PLC (LON:EQN)

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