Equiniti Group PLC (EQN) Receives Average Recommendation of “Buy” from Brokerages
Shares of Equiniti Group PLC (LON:EQN) have been assigned a consensus rating of “Buy” from the six ratings firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is GBX 281.67 ($3.74).
EQN has been the topic of several recent analyst reports. Peel Hunt reissued an “add” rating and issued a GBX 212 ($2.82) target price on shares of Equiniti Group PLC in a research note on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) increased their target price on shares of Equiniti Group PLC from GBX 226 ($3.00) to GBX 280 ($3.72) and gave the company a “buy” rating in a research note on Friday, June 30th. Liberum Capital reissued a “buy” rating and issued a GBX 290 ($3.85) target price on shares of Equiniti Group PLC in a research note on Tuesday, July 4th. Finally, Citigroup Inc. downgraded shares of Equiniti Group PLC to a “neutral” rating and increased their target price for the company from GBX 230 ($3.06) to GBX 265 ($3.52) in a research note on Tuesday, July 11th.
In other news, insider Guy Wakeley sold 15,579 shares of the company’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of GBX 103 ($1.37), for a total value of £16,046.37 ($21,321.25). Also, insider Paul Matthews sold 4,817 shares of the company’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of GBX 108 ($1.44), for a total transaction of £5,202.36 ($6,912.52). Over the last 90 days, insiders bought 44,295 shares of company stock worth $11,624,218 and sold 33,004 shares worth $3,511,753.
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Shares of Equiniti Group PLC (EQN) traded up 0.10% during midday trading on Wednesday, reaching GBX 311.20. 714,403 shares of the company’s stock were exchanged. The stock’s market cap is GBX 933.85 million. Equiniti Group PLC has a 12-month low of GBX 170.13 and a 12-month high of GBX 319.30. The stock’s 50 day moving average is GBX 279.57 and its 200-day moving average is GBX 235.29.
The company also recently announced a dividend, which will be paid on Thursday, October 26th. Stockholders of record on Thursday, September 14th will be paid a GBX 1.75 ($0.02) dividend. This represents a dividend yield of 0.66%. The ex-dividend date is Thursday, September 14th.
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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