Equiniti Group PLC (LON:EQN) Given “Under Review” Rating at Liberum Capital
Equiniti Group PLC (LON:EQN)‘s stock had its “under review” rating restated by research analysts at Liberum Capital in a report released on Wednesday, July 12th.
Other equities analysts have also recently issued research reports about the company. Credit Suisse Group upped their price target on Equiniti Group PLC from GBX 210 ($2.73) to GBX 240 ($3.13) and gave the company an “outperform” rating in a report on Friday, June 9th. Goldman Sachs Group, Inc. (The) upped their price target on Equiniti Group PLC from GBX 226 ($2.94) to GBX 280 ($3.65) and gave the company a “buy” rating in a report on Friday, June 30th. Peel Hunt reiterated an “add” rating and issued a GBX 212 ($2.76) price objective on shares of Equiniti Group PLC in a research note on Thursday, June 22nd. Finally, Citigroup Inc. lowered Equiniti Group PLC to a “neutral” rating and upped their price objective for the company from GBX 230 ($3.00) to GBX 265 ($3.45) in a research note on Tuesday, July 11th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Equiniti Group PLC has a consensus rating of “Buy” and an average target price of GBX 281.67 ($3.67).
Equiniti Group PLC (LON EQN) traded down 0.83% on Wednesday, hitting GBX 269.75. The stock had a trading volume of 185,048 shares. The stock’s market cap is GBX 809.47 million. The stock’s 50 day moving average is GBX 259.56 and its 200 day moving average is GBX 218.14. Equiniti Group PLC has a one year low of GBX 163.25 and a one year high of GBX 285.25.
In other news, insider Philip Yea acquired 40,000 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were purchased at an average cost of GBX 262 ($3.41) per share, for a total transaction of £104,800 ($136,476.10). Also, insider Guy Wakeley acquired 3,795 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was purchased at an average price of GBX 262 ($3.41) per share, for a total transaction of £9,942.90 ($12,948.17). Over the last 90 days, insiders have purchased 44,631 shares of company stock worth $11,654,030.
About Equiniti Group PLC
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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