Equiniti Group PLC (EQN) Rating Reiterated by Jefferies Group
Equiniti Group PLC (LON:EQN)‘s stock had its “hold” rating reaffirmed by investment analysts at Jefferies Group in a research report issued to clients and investors on Friday.
EQN has been the subject of several other reports. Peel Hunt initiated coverage on Equiniti Group PLC in a research report on Wednesday, September 14th. They issued a “buy” rating and a GBX 195 ($2.38) price objective for the company. Barclays PLC restated an “overweight” rating and issued a GBX 225 ($2.74) target price on shares of Equiniti Group PLC in a research note on Friday, September 23rd. JPMorgan Chase & Co. restated a “neutral” rating on shares of Equiniti Group PLC in a research note on Friday, September 9th. Goldman Sachs Group Inc. restated a “buy” rating and issued a GBX 231 ($2.82) target price on shares of Equiniti Group PLC in a research note on Thursday, September 8th. Finally, Credit Suisse Group AG restated an “outperform” rating and issued a GBX 210 ($2.56) target price on shares of Equiniti Group PLC in a research note on Wednesday, August 3rd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of GBX 217.67 ($2.65).
Shares of Equiniti Group PLC (LON:EQN) opened at 200.25 on Friday. The firm has a 50-day moving average price of GBX 185.26 and a 200 day moving average price of GBX 175.21. Equiniti Group PLC has a 1-year low of GBX 127.50 and a 1-year high of GBX 205.00. The company’s market cap is GBX 600.75 million.
The business also recently declared a dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Thursday, August 25th will be paid 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 an increase from Equiniti Group PLC’s previous dividend of $0.68.
In related news, insider Wakeley,Guy purchased 5,917 shares of the business’s stock in a transaction on Friday, July 29th. The stock was acquired at an average price of GBX 169 ($2.06) per share, for a total transaction of £9,999.73 ($12,187.36).
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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