Equiniti Group PLC (EQN) Hits New 52-Week High at $295.75
Equiniti Group PLC (LON:EQN) shares reached a new 52-week high during trading on Thursday . The company traded as high as GBX 295.75 ($3.82) and last traded at GBX 289.25 ($3.74), with a volume of 407,439 shares trading hands. The stock had previously closed at GBX 283.50 ($3.66).
A number of research analysts have recently commented on EQN shares. Credit Suisse Group upped their target price on Equiniti Group PLC from GBX 210 ($2.71) to GBX 240 ($3.10) and gave the company an “outperform” rating in a research note on Friday, June 9th. Peel Hunt reaffirmed an “add” rating and set a GBX 212 ($2.74) target price on shares of Equiniti Group PLC in a research note on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) upped their target price on Equiniti Group PLC from GBX 226 ($2.92) to GBX 280 ($3.62) and gave the company a “buy” rating in a research note on Friday, June 30th. Liberum Capital reaffirmed a “buy” rating and set a GBX 290 ($3.75) target price on shares of Equiniti Group PLC in a research note on Tuesday, July 4th. Finally, Citigroup Inc. cut Equiniti Group PLC to a “neutral” rating and upped their target price for the company from GBX 230 ($2.97) to GBX 265 ($3.42) in a research note on Tuesday, July 11th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of GBX 281.67 ($3.64).
The stock’s market capitalization is GBX 900.24 million. The stock’s 50 day moving average price is GBX 271.53 and its 200 day moving average price is GBX 230.59.
The company also recently declared a dividend, which will be paid on Thursday, October 26th. Stockholders of record on Thursday, September 14th will be issued a dividend of GBX 1.75 ($0.02) per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a dividend yield of 0.66%.
In related news, insider Guy Wakeley bought 3,795 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The stock was purchased at an average price of GBX 262 ($3.38) per share, for a total transaction of £9,942.90 ($12,841.15). Also, insider Philip Yea bought 40,000 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was bought at an average price of GBX 262 ($3.38) per share, with a total value of £104,800 ($135,348.06). Insiders purchased a total of 43,851 shares of company stock valued at $11,489,242 in the last quarter.
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Equiniti Group PLC Company Profile
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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