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.

Analyst Recommendations for Equiniti Group PLC (LON:EQN)

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