Equiniti Group PLC (EQN) Given Buy Rating at Liberum Capital
Several other analysts also recently commented on the company. Citigroup Inc. downgraded Equiniti Group PLC to a neutral rating and raised their price objective for the stock from GBX 230 ($3.10) to GBX 265 ($3.57) in a research note on Tuesday, July 11th. Credit Suisse Group raised their price objective on Equiniti Group PLC from GBX 210 ($2.83) to GBX 240 ($3.24) and gave the stock an outperform rating in a research note on Friday, June 9th. Goldman Sachs Group, Inc. (The) raised their price objective on Equiniti Group PLC from GBX 280 ($3.78) to GBX 320 ($4.31) and gave the stock a buy rating in a research note on Friday, July 21st. Finally, Peel Hunt reaffirmed an add rating and set a GBX 212 ($2.86) price objective on shares of Equiniti Group PLC in a research note on Thursday, June 22nd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of GBX 281.67 ($3.80).
Shares of Equiniti Group PLC (LON:EQN) traded down 0.17% on Thursday, hitting GBX 294.00. The stock had a trading volume of 199,797 shares. The firm has a 50 day moving average price of GBX 275.87 and a 200 day moving average price of GBX 236.19. Equiniti Group PLC has a one year low of GBX 182.00 and a one year high of GBX 304.50. The company’s market capitalization is GBX 882.24 million.
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The company also recently disclosed a dividend, which will be paid on Thursday, October 26th. Investors 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%.
In other news, insider Philip Yea acquired 40,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were acquired at an average cost of GBX 262 ($3.53) per share, with a total value of £104,800 ($141,297.02). Also, insider Liam McGrath acquired 444 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was purchased at an average cost of GBX 304 ($4.10) per share, for a total transaction of £1,349.76 ($1,819.82). Insiders purchased 44,295 shares of company stock worth $11,624,218 over 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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