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.

Analyst Recommendations for Equiniti Group PLC (LON:EQN)

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