Equiniti Group PLC (EQN) Stock Rating Reaffirmed by Jefferies Group
Equiniti Group PLC (LON:EQN)‘s stock had its “hold” rating reissued by Jefferies Group in a report released on Friday.
Several other research analysts also recently weighed in on EQN. Goldman Sachs Group Inc. reiterated a “buy” rating and set a GBX 236 ($2.88) price target on shares of Equiniti Group PLC in a research note on Monday, June 27th. Citigroup Inc. reiterated a “buy” rating on shares of Equiniti Group PLC in a research note on Wednesday, July 13th. Liberum Capital cut their price target on Equiniti Group PLC from GBX 250 ($3.05) to GBX 245 ($2.99) and set a “buy” rating for the company in a research note on Wednesday, July 27th. Barclays PLC reiterated an “overweight” rating and set a GBX 225 ($2.74) price target on shares of Equiniti Group PLC in a research note on Monday, August 1st. Finally, Credit Suisse Group AG reiterated an “outperform” rating and set a GBX 210 ($2.56) price target on shares of Equiniti Group PLC in a research note on Wednesday, August 3rd. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of GBX 217.67 ($2.65).
Equiniti Group PLC (LON:EQN) traded down 0.37% during midday trading on Friday, hitting GBX 203.00. 226,158 shares of the stock traded hands. The company has a 50-day moving average of GBX 189.74 and a 200-day moving average of GBX 176.86. Equiniti Group PLC has a 1-year low of GBX 127.50 and a 1-year high of GBX 207.25. The stock’s market cap is GBX 609.00 million.
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The business also recently announced a dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Thursday, August 25th will be paid a GBX 1.64 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, August 25th. This represents a yield of 0.95%. This is an increase from Equiniti Group PLC’s previous dividend of $0.68.
In other Equiniti Group PLC news, insider Wakeley,Guy purchased 5,917 shares of the company’s stock in a transaction dated Friday, July 29th. The stock was purchased at an average price of GBX 169 ($2.06) per share, for a total transaction of £9,999.73 ($12,187.36).
About Equiniti Group PLC
Equiniti Group plc provides administration, processing and payment services, as well as smart technology solutions for complex and regulated markets. The Company operates in four segments: Investment Solutions, Intelligent Solutions, Pension Solutions and Interest Income supported by central functions.
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