Experian (LON:EXPN) Board of Directors Initiates Share Buyback Plan

Experian (LON:EXPN) declared that its board has authorized a share repurchase program on Wednesday, July 1st, RTT News reports. The company plans to buyback $0.00 in outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

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

Experian Trading Up 0.4%

Shares of Experian stock traded up GBX 9.31 during mid-day trading on Wednesday, hitting GBX 2,552.31. The stock had a trading volume of 3,212,479 shares, compared to its average volume of 37,767,184. The firm has a 50-day moving average of GBX 2,618.69 and a two-hundred day moving average of GBX 2,789.28. Experian has a 12-month low of GBX 2,203 and a 12-month high of GBX 4,101. The company has a quick ratio of 0.76, a current ratio of 0.85 and a debt-to-equity ratio of 100.36. The firm has a market cap of £22.79 billion, a P/E ratio of 15.62, a price-to-earnings-growth ratio of 2.48 and a beta of 0.82.

Insiders Place Their Bets

In other Experian news, insider Eduardo Vassimon acquired 5,650 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was purchased at an average cost of GBX 2,673 per share, with a total value of £151,024.50. Also, insider Brian Cassin sold 63,864 shares of the stock in a transaction dated Monday, June 8th. The stock was sold at an average price of GBX 2,624, for a total transaction of £1,675,791.36. Insiders acquired a total of 87,031 shares of company stock valued at $230,517,957 over the last quarter. 0.64% of the stock is owned by insiders.

About Experian

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.