Equiniti Group PLC (EQN) Sets New 12-Month High at $304.50
Shares of Equiniti Group PLC (LON:EQN) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 304.50 ($3.93) and last traded at GBX 300 ($3.87), with a volume of 569,895 shares trading hands. The stock had previously closed at GBX 298 ($3.85).
A number of analysts recently issued reports on EQN shares. Peel Hunt lifted their price objective on Equiniti Group PLC from GBX 212 ($2.74) to GBX 293 ($3.78) and gave the company an “add” rating in a research report on Wednesday, July 19th. Liberum Capital reissued a “buy” rating and set a GBX 347 ($4.48) price objective on shares of Equiniti Group PLC in a research report on Monday, August 7th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a GBX 320 ($4.13) price objective on shares of Equiniti Group PLC in a research report on Tuesday, August 1st. Finally, Citigroup Inc. lowered Equiniti Group PLC to a “neutral” rating and raised their target price for the company from GBX 230 ($2.97) to GBX 265 ($3.42) in a report on Tuesday, July 11th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Equiniti Group PLC currently has a consensus rating of “Buy” and a consensus price target of GBX 281.67 ($3.64).
The firm’s 50-day moving average is GBX 274.45 and its 200-day moving average is GBX 233.76. The company’s market cap is GBX 889.14 million.
The firm also recently disclosed a dividend, which will be paid on Thursday, October 26th. Stockholders of record on Thursday, September 14th will be paid a dividend of GBX 1.75 ($0.02) per share. The ex-dividend date is Thursday, September 14th. This represents a dividend yield of 0.66%.
In other Equiniti Group PLC 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 ($3.38) per share, for a total transaction of £104,800 ($135,348.06). Also, insider Liam McGrath acquired 444 shares of Equiniti Group PLC stock in a transaction dated Wednesday, September 13th. The shares were acquired at an average price of GBX 304 ($3.93) per share, with a total value of £1,349.76 ($1,743.20). Over the last 90 days, insiders have bought 44,295 shares of company stock valued at $11,624,218.
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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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