Equiniti Group PLC’s (EQN) Add Rating Reaffirmed at Peel Hunt
Other equities research analysts have also issued research reports about the company. Goldman Sachs Group, Inc. (The) dropped their price objective on Equiniti Group PLC from GBX 236 ($3.11) to GBX 226 ($2.98) and set a buy rating for the company in a research note on Wednesday, April 26th. Liberum Capital reissued a buy rating and set a GBX 245 ($3.23) price objective on shares of Equiniti Group PLC in a research note on Tuesday, April 25th. Citigroup Inc. lowered Equiniti Group PLC to a neutral rating and lifted their price objective for the company from GBX 230 ($3.03) to GBX 265 ($3.50) in a research note on Tuesday, July 11th. Finally, Credit Suisse Group lifted their price objective on Equiniti Group PLC from GBX 210 ($2.77) to GBX 240 ($3.17) and gave the company an outperform rating in a research note on Friday, June 9th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Equiniti Group PLC has a consensus rating of Buy and a consensus price target of GBX 272.17 ($3.59).
Shares of Equiniti Group PLC (LON EQN) opened at 262.50 on Friday. The company’s market capitalization is GBX 773.68 million. Equiniti Group PLC has a 12 month low of GBX 163.25 and a 12 month high of GBX 273.50. The company’s 50 day moving average price is GBX 252.99 and its 200 day moving average price is GBX 214.92.
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The company also recently declared a dividend, which will be paid on Thursday, October 26th. Shareholders of record on Thursday, September 14th will be paid a dividend of GBX 1.75 ($0.02) per share. This represents a yield of 0.66%. The ex-dividend date is Thursday, September 14th.
In other news, insider Guy Wakeley purchased 3,795 shares of the company’s stock in a transaction on Friday, July 28th. The stock was purchased at an average price of GBX 262 ($3.46) per share, with a total value of £9,942.90 ($13,115.55). Also, insider Philip Yea purchased 40,000 shares of the company’s stock in a transaction on Monday, July 31st. The shares were purchased at an average cost of GBX 262 ($3.46) per share, with a total value of £104,800 ($138,240.34). In the last ninety days, insiders have acquired 44,631 shares of company stock valued at $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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