Equiniti Group PLC (EQN) Earns Add Rating from Peel Hunt
Peel Hunt restated their add rating on shares of Equiniti Group PLC (LON:EQN) in a research report sent to investors on Tuesday morning. The firm currently has a GBX 293 ($3.78) target price on the stock.
Several other brokerages have also weighed in on EQN. Citigroup Inc. lowered shares of Equiniti Group PLC to a neutral rating and upped their price objective for the company from GBX 230 ($2.97) to GBX 265 ($3.42) in a report on Tuesday, July 11th. Liberum Capital reiterated a buy rating and set a GBX 290 ($3.75) price objective on shares of Equiniti Group PLC in a report on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) upped their price objective on shares of Equiniti Group PLC from GBX 280 ($3.62) to GBX 320 ($4.13) and gave the company a buy rating in a report on Friday, July 21st. Finally, Credit Suisse Group upped their price objective on shares of Equiniti Group PLC from GBX 210 ($2.71) to GBX 240 ($3.10) and gave the company an outperform rating in a report on Friday, June 9th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of GBX 281.67 ($3.64).
Equiniti Group PLC (LON:EQN) opened at 286.70 on Tuesday. The stock has a 50 day moving average price of GBX 274.45 and a 200 day moving average price of GBX 233.76. Equiniti Group PLC has a one year low of GBX 170.00 and a one year high of GBX 304.80. The company’s market cap is GBX 860.33 million.
The firm also recently announced a dividend, which will be paid on Thursday, October 26th. Stockholders of record on Thursday, September 14th will be given a dividend of GBX 1.75 ($0.02) per share. This represents a dividend yield of 0.66%. The ex-dividend date is Thursday, September 14th.
In other Equiniti Group PLC news, insider Liam McGrath bought 444 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The stock was bought at an average cost of GBX 304 ($3.93) per share, with a total value of £1,349.76 ($1,743.20). Also, insider Guy Wakeley bought 3,795 shares of the firm’s stock in a transaction dated Friday, July 28th. The shares were acquired at an average cost of GBX 262 ($3.38) per share, with a total value of £9,942.90 ($12,841.15). Over the last three months, insiders have bought 44,295 shares of company stock valued at $11,624,218.
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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