Equiniti Group PLC (LON:EQN) has earned an average rating of “Buy” from the eight brokerages that are currently covering the company. Two investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 221.20 ($2.70).
A number of equities research analysts have commented on the company. Liberum Capital reduced their target price on Equiniti Group PLC from GBX 250 ($3.05) to GBX 245 ($2.99) and set a “buy” rating for the company in a report on Wednesday, July 27th. Barclays PLC reissued an “overweight” rating and issued a GBX 225 ($2.74) target price on shares of Equiniti Group PLC in a report on Monday, August 1st. Goldman Sachs Group Inc. reissued a “buy” rating and issued a GBX 231 ($2.82) target price on shares of Equiniti Group PLC in a report on Thursday, September 8th. Citigroup Inc. reissued a “buy” rating on shares of Equiniti Group PLC in a report on Wednesday, July 13th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of Equiniti Group PLC in a report on Friday, September 9th.
Shares of Equiniti Group PLC (LON:EQN) opened at 200.00 on Friday. Equiniti Group PLC has a one year low of GBX 127.50 and a one year high of GBX 205.00. The stock’s market cap is GBX 600.00 million. The company has a 50 day moving average of GBX 185.69 and a 200-day moving average of GBX 175.51.
The firm also recently announced a dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Thursday, August 25th will be issued a GBX 1.64 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, August 25th. This represents a yield of 0.95%. This is an increase from Equiniti Group PLC’s previous dividend of $0.68.
In other news, insider Wakeley,Guy purchased 5,917 shares of the business’s stock in a transaction dated Friday, July 29th. The stock was acquired at an average price of GBX 169 ($2.06) per share, with a total value of £9,999.73 ($12,187.36).
Equiniti Group PLC Company Profile
Equiniti Group plc provides administration, processing and payment services, as well as smart technology solutions for complex and regulated markets. The Company operates in four segments: Investment Solutions, Intelligent Solutions, Pension Solutions and Interest Income supported by central functions.
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