Citigroup Downgrades Experian (LON:EXPN) to Buy

Experian (LON:EXPN) was downgraded by investment analysts at Citigroup to a “buy” rating in a research report issued on Monday,Digital Look reports.

EXPN has been the subject of several other research reports. Jefferies Financial Group reiterated a “buy” rating and set a GBX 4,600 price target on shares of Experian in a report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Experian from GBX 4,550 to GBX 4,000 and set a “buy” rating on the stock in a report on Thursday, May 21st. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 4,000 target price on shares of Experian in a research note on Friday. Stifel Nicolaus reissued a “buy” rating and issued a GBX 4,400 target price on shares of Experian in a research note on Wednesday, May 20th. Finally, UBS Group reiterated a “buy” rating and set a GBX 3,700 price target on shares of Experian in a research report on Monday, May 18th. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 4,087.33.

Experian Trading Up 0.5%

Shares of EXPN stock opened at GBX 2,733.75 on Monday. Experian has a 1-year low of GBX 2,203 and a 1-year high of GBX 4,096. The stock has a 50-day moving average of GBX 2,601.94 and a 200-day moving average of GBX 2,727.88. The stock has a market cap of £24.25 billion, a price-to-earnings ratio of 16.73, a PEG ratio of 2.48 and a beta of 0.83. The company has a current ratio of 0.85, a quick ratio of 0.76 and a debt-to-equity ratio of 100.36.

Experian announced that its Board of Directors has initiated a stock buyback program on Wednesday, July 1st that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Insider Activity at Experian

In other news, insider Eduardo Vassimon purchased 5,650 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was acquired at an average price of GBX 2,673 per share, for a total transaction of £151,024.50. Also, insider Brian Cassin sold 63,864 shares of Experian stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of GBX 2,624, for a total value of £1,675,791.36. Over the last three months, insiders bought 87,031 shares of company stock valued at $230,517,957. Insiders own 0.67% of the company’s stock.

Experian Company Profile

Experian is a global data and technology company, powering opportunities for people and businesses around the world. We help to redefine lending practices, uncover and prevent fraud, simplify healthcare, deliver digital marketing solutions, and gain deeper insights into the automotive market, all using our unique combination of data, analytics and platforms. We also assist millions of people to realise their financial goals and help them to save time and money.
We operate across a range of markets, from financial services to healthcare, automotive, agrifinance, insurance, and many more industry segments.
We invest in talented people and new advanced technologies to unlock the power of data and to innovate.