Analysts Set Equiniti Group PLC (EQN) Target Price at $302.17
Shares of Equiniti Group PLC (LON:EQN) have been assigned an average recommendation of “Hold” from the six brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is GBX 302.17 ($4.17).
A number of brokerages have commented on EQN. Peel Hunt restated an “add” rating and issued a GBX 293 ($4.05) price target on shares of Equiniti Group in a research report on Tuesday, January 23rd. Liberum Capital restated a “buy” rating and issued a GBX 320 ($4.42) price target on shares of Equiniti Group in a research report on Thursday, February 1st. Berenberg Bank began coverage on Equiniti Group in a research report on Wednesday, November 29th. They issued a “buy” rating and a GBX 345 ($4.77) price target for the company. Finally, Credit Suisse Group restated an “underperform” rating and issued a GBX 270 ($3.73) price target on shares of Equiniti Group in a research report on Thursday, January 11th.
In related news, insider Guy Wakeley sold 350,000 shares of the stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of GBX 301 ($4.16), for a total transaction of £1,053,500 ($1,455,512.57).
The business also recently declared a dividend, which will be paid on Thursday, May 17th. Shareholders of record on Thursday, April 12th will be given a GBX 2.73 ($0.04) dividend. This is a boost from Equiniti Group’s previous dividend of $1.75. The ex-dividend date of this dividend is Thursday, April 12th. This represents a yield of 0.88%.
Equiniti Group 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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