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).
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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.
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