Stock Repurchase Plan Authorized by Experian (LON:EXPN) Board of Directors

Experian (LON:EXPN) declared that its board has authorized a stock repurchase program on Wednesday, July 1st, RTT News reports. The company plans to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Experian Price Performance

Shares of EXPN stock traded up GBX 9.31 during mid-day trading on Wednesday, hitting GBX 2,552.31. The company had a trading volume of 3,212,479 shares, compared to its average volume of 37,767,184. The company has a debt-to-equity ratio of 100.36, a current ratio of 0.85 and a quick ratio of 0.76. The company has a market capitalization of £22.79 billion, a P/E ratio of 15.62, a P/E/G ratio of 2.48 and a beta of 0.82. Experian has a 52-week low of GBX 2,203 and a 52-week high of GBX 4,101. The stock’s 50 day moving average price is GBX 2,618.69 and its 200-day moving average price is GBX 2,789.28.

Wall Street Analyst Weigh In

EXPN has been the subject of several research reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a GBX 4,400 target price on shares of Experian in a research note on Wednesday, May 20th. UBS Group reiterated a “buy” rating and set a GBX 3,700 target price on shares of Experian in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft dropped their price objective on Experian from GBX 4,550 to GBX 4,000 and set a “buy” rating for the company in a report on Thursday, May 21st. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 4,000 target price on shares of Experian in a research note on Thursday, May 21st. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 4,600 price target on shares of Experian in a research note on Thursday, May 21st. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 4,087.33.

Insiders Place Their Bets

In other Experian news, insider Eduardo Vassimon acquired 5,650 shares of the stock in a transaction dated Thursday, May 21st. The stock was purchased at an average price of GBX 2,673 per share, with a total value of £151,024.50. Also, insider Lloyd Pitchford sold 39,462 shares of the company’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of GBX 2,621, for a total value of £1,034,299.02. In the last ninety days, insiders bought 87,031 shares of company stock worth $230,517,957. 0.64% of the stock is currently owned by company insiders.

About Experian

Experian is a global data and technology company, powering opportunities for people and businesses around the world. We help to redefine lending practices, uncover and prevent fraud, simplify healthcare, deliver digital marketing solutions, and gain deeper insights into the automotive market, all using our unique combination of data, analytics and platforms. We also assist millions of people to realise their financial goals and help them to save time and money.
We operate across a range of markets, from financial services to healthcare, automotive, agrifinance, insurance, and many more industry segments.
We invest in talented people and new advanced technologies to unlock the power of data and to innovate.