Equiniti Group PLC (EQN) Given Average Rating of “Buy” by Brokerages
Equiniti Group PLC (LON:EQN) has been assigned a consensus rating of “Buy” from the nine research firms that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 268.60 ($3.54).
EQN has been the topic of several analyst reports. Peel Hunt restated an “add” rating and set a GBX 293 ($3.86) price objective on shares of Equiniti Group PLC in a report on Friday, July 28th. Liberum Capital reiterated a “buy” rating and issued a GBX 290 ($3.83) target price on shares of Equiniti Group PLC in a report on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) lifted their target price on Equiniti Group PLC from GBX 226 ($2.98) to GBX 280 ($3.69) and gave the company a “buy” rating in a report on Friday, June 30th. Citigroup Inc. cut Equiniti Group PLC to a “neutral” rating and lifted their target price for the company from GBX 230 ($3.03) to GBX 265 ($3.50) in a report on Tuesday, July 11th. Finally, Credit Suisse Group lifted their target price on Equiniti Group PLC from GBX 210 ($2.77) to GBX 240 ($3.17) and gave the company an “outperform” rating in a report on Friday, June 9th.
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Equiniti Group PLC (EQN) opened at 267.00 on Friday. The firm’s 50-day moving average price is GBX 255.09 and its 200-day moving average price is GBX 215.92. Equiniti Group PLC has a 1-year low of GBX 163.25 and a 1-year high of GBX 275.75. The firm’s market cap is GBX 786.95 million.
The business also recently disclosed a dividend, which will be paid on Thursday, October 26th. Shareholders of record on Thursday, September 14th will be paid a dividend of GBX 1.75 ($0.02) per share. This represents a dividend yield of 0.66%. The ex-dividend date of this dividend is Thursday, September 14th.
In related news, insider Philip Yea acquired 40,000 shares of Equiniti Group PLC stock in a transaction on Monday, July 31st. The shares were bought at an average price of GBX 262 ($3.46) per share, for a total transaction of £104,800 ($138,240.34). Also, insider Guy Wakeley acquired 3,795 shares of Equiniti Group PLC stock in a transaction on Friday, July 28th. The shares were bought at an average price of GBX 262 ($3.46) per share, for a total transaction of £9,942.90 ($13,115.55). In the last 90 days, insiders have acquired 44,631 shares of company stock worth $11,654,030.
Equiniti Group PLC 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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