Equiniti Group PLC (EQN) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Equiniti Group PLC (LON:EQN) have been assigned an average recommendation of “Hold” from the six ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is GBX 302.17 ($4.10).

EQN has been the topic of several research analyst reports. Peel Hunt reaffirmed an “add” rating and issued a GBX 293 ($3.97) price objective on shares of Equiniti Group in a research note on Tuesday. Liberum Capital reaffirmed a “buy” rating and issued a GBX 320 ($4.34) price objective on shares of Equiniti Group in a research note on Tuesday, November 21st. Credit Suisse Group lowered Equiniti Group to an “underperform” rating and reduced their price objective for the company from GBX 300 ($4.07) to GBX 270 ($3.66) in a research note on Wednesday, January 3rd. Finally, Berenberg Bank initiated coverage on Equiniti Group in a research note on Wednesday, November 29th. They issued a “buy” rating and a GBX 345 ($4.68) price objective on the stock.

Shares of Equiniti Group (EQN) opened at GBX 276.50 ($3.75) on Friday. The company has a market capitalization of $992.68 and a PE ratio of 3,072.22. Equiniti Group has a fifty-two week low of GBX 170.60 ($2.31) and a fifty-two week high of GBX 319.30 ($4.33).

In other news, insider Guy Wakeley acquired 10,000 shares of Equiniti Group stock in a transaction dated Wednesday, December 20th. The shares were acquired at an average cost of GBX 285 ($3.86) per share, with a total value of £28,500 ($38,649.31).

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About Equiniti Group

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 (LON:EQN)

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