Equiniti Group PLC (EQN) Receives Average Recommendation of “Buy” from Brokerages
Equiniti Group PLC (LON:EQN) has been given a consensus recommendation of “Buy” by the eight analysts that are currently covering the firm. Two investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is GBX 221.20 ($2.74).
EQN has been the subject of several analyst reports. Peel Hunt initiated coverage on Equiniti Group PLC in a report on Wednesday, September 14th. They issued a “buy” rating and a GBX 195 ($2.41) price objective for the company. Barclays PLC reissued an “overweight” rating and set a GBX 225 ($2.78) price target on shares of Equiniti Group PLC in a report on Friday, September 23rd. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Equiniti Group PLC in a report on Friday, September 9th. Goldman Sachs Group Inc. reissued a “buy” rating and set a GBX 231 ($2.86) price target on shares of Equiniti Group PLC in a report on Thursday, September 8th. Finally, Credit Suisse Group AG reissued an “outperform” rating and set a GBX 210 ($2.60) price target on shares of Equiniti Group PLC in a report on Wednesday, August 3rd.
Equiniti Group PLC (LON:EQN) traded up 0.76% during trading on Friday, reaching GBX 198.00. The company’s stock had a trading volume of 487,018 shares. The stock’s market cap is GBX 594.00 million. Equiniti Group PLC has a 52-week low of GBX 127.50 and a 52-week high of GBX 205.00. The firm has a 50 day moving average price of GBX 184.33 and a 200-day moving average price of GBX 174.77.
The company also recently disclosed a dividend, which will be paid on Wednesday, October 26th. Investors of record on Thursday, August 25th will be given a dividend of GBX 1.64 ($0.02) per share. The ex-dividend date is Thursday, August 25th. This represents a yield of 0.95%. This is a positive change from Equiniti Group PLC’s previous dividend of $0.68.
In other news, insider Wakeley,Guy acquired 5,917 shares of Equiniti Group PLC stock in a transaction that occurred on Friday, July 29th. The shares were acquired at an average price of GBX 169 ($2.09) per share, for a total transaction of £9,999.73 ($12,375.90).
About Equiniti Group PLC
Equiniti Group plc provides administration, processing and payment services, as well as smart technology solutions for complex and regulated markets. The Company operates in four segments: Investment Solutions, Intelligent Solutions, Pension Solutions and Interest Income supported by central functions.
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