Equiniti Group PLC (EQN) Given Consensus Recommendation of “Buy” by Brokerages
Equiniti Group PLC (LON:EQN) has received an average rating of “Buy” from the nine research firms that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is GBX 281.67 ($3.64).
Several equities analysts have recently weighed in on the company. Peel Hunt raised their target price on Equiniti Group PLC from GBX 212 ($2.74) to GBX 293 ($3.79) and gave the company an “add” rating in a research report on Wednesday, July 19th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a GBX 320 ($4.14) target price on shares of Equiniti Group PLC in a research report on Tuesday, August 1st. Liberum Capital restated a “buy” rating and issued a GBX 347 ($4.49) target price on shares of Equiniti Group PLC in a research report on Monday, August 7th. Credit Suisse Group raised their target price on Equiniti Group PLC from GBX 210 ($2.72) to GBX 240 ($3.10) and gave the company an “outperform” rating in a research report on Friday, June 9th. Finally, Citigroup Inc. downgraded Equiniti Group PLC to a “neutral” rating and lifted their price objective for the stock from GBX 230 ($2.97) to GBX 265 ($3.43) in a research report on Tuesday, July 11th.
In other Equiniti Group PLC news, insider Philip Yea bought 40,000 shares of the business’s stock in a transaction on Monday, July 31st. The stock was bought at an average price of GBX 262 ($3.39) per share, with a total value of £104,800 ($135,540.61). Also, insider Guy Wakeley bought 3,795 shares of the business’s stock in a transaction on Friday, July 28th. The shares were acquired at an average cost of GBX 262 ($3.39) per share, with a total value of £9,942.90 ($12,859.42). In the last quarter, insiders have purchased 43,851 shares of company stock worth $11,489,242.
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Equiniti Group PLC (LON:EQN) opened at 268.25 on Tuesday. The firm’s 50-day moving average is GBX 266.66 and its 200-day moving average is GBX 224.80. The company’s market capitalization is GBX 804.96 million. Equiniti Group PLC has a 12 month low of GBX 163.25 and a 12 month high of GBX 285.25.
The business also recently disclosed a dividend, which will be paid on Thursday, October 26th. Investors of record on Thursday, September 14th will be given a dividend of GBX 1.75 ($0.02) per share. The ex-dividend date is Thursday, September 14th. This represents a yield of 0.66%.
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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