Equiniti Group PLC (EQN) Receives Consensus Recommendation of “Buy” from Analysts
Equiniti Group PLC (LON:EQN) has earned an average recommendation of “Buy” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is GBX 297.17 ($4.00).
Several analysts recently issued reports on the stock. Peel Hunt reaffirmed an “add” rating and set a GBX 293 ($3.94) price objective on shares of Equiniti Group in a research note on Tuesday, September 12th. Liberum Capital reaffirmed a “buy” rating and set a GBX 347 ($4.67) price objective on shares of Equiniti Group in a research note on Thursday, September 21st. Finally, Berenberg Bank assumed coverage on shares of Equiniti Group in a research note on Wednesday, November 29th. They set a “buy” rating and a GBX 345 ($4.64) price objective for the company.
Equiniti Group (EQN) opened at GBX 297.20 ($4.00) on Thursday. Equiniti Group has a twelve month low of GBX 170.13 ($2.29) and a twelve month high of GBX 319.30 ($4.30).
In other news, insider Liam McGrath bought 444 shares of the stock in a transaction dated Wednesday, September 13th. The shares were acquired at an average price of GBX 304 ($4.09) per share, with a total value of £1,349.76 ($1,816.64). Also, insider Tim Miller sold 8,793 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of GBX 110 ($1.48), for a total transaction of £9,672.30 ($13,017.90). Over the last 90 days, insiders sold 33,004 shares of company stock worth $3,511,753.
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Equiniti Group 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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