Equiniti Group PLC (EQN) Receives GBX 268.60 Average PT from Analysts
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.
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.
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