Equiniti Group PLC’s (EQN) “Add” Rating Reaffirmed at Peel Hunt

Peel Hunt reaffirmed their add rating on shares of Equiniti Group PLC (LON:EQN) in a report released on Tuesday morning. They currently have a GBX 293 ($3.78) price objective on the stock.

EQN has been the topic of a number of other research reports. Citigroup Inc. downgraded shares of Equiniti Group PLC to a neutral rating and raised their price target for the company from GBX 230 ($2.97) to GBX 265 ($3.42) in a report on Tuesday, July 11th. Goldman Sachs Group, Inc. (The) reissued a buy rating and issued a GBX 320 ($4.13) price objective on shares of Equiniti Group PLC in a report on Tuesday, August 1st. Liberum Capital reissued a buy rating and issued a GBX 290 ($3.75) price objective on shares of Equiniti Group PLC in a report on Tuesday, July 4th. Finally, Credit Suisse Group raised their price objective on shares of Equiniti Group PLC from GBX 210 ($2.71) to GBX 240 ($3.10) and gave the stock an outperform rating in a report on Friday, June 9th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of GBX 281.67 ($3.64).

Shares of Equiniti Group PLC (EQN) opened at 301.00 on Tuesday. The firm has a 50-day moving average of GBX 273.04 and a 200 day moving average of GBX 232.84. Equiniti Group PLC has a 12 month low of GBX 169.50 and a 12 month high of GBX 304.50. The company’s market cap is GBX 903.24 million.

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The firm also recently disclosed a dividend, which will be paid on Thursday, October 26th. Investors of record on Thursday, September 14th will be issued a GBX 1.75 ($0.02) dividend. This represents a dividend yield of 0.66%. The ex-dividend date of this dividend is Thursday, September 14th.

In other Equiniti Group PLC news, insider Guy Wakeley acquired 3,795 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The shares were bought at an average price of GBX 262 ($3.38) per share, with a total value of £9,942.90 ($12,841.15). Also, insider Philip Yea acquired 40,000 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was acquired at an average cost of GBX 262 ($3.38) per share, for a total transaction of £104,800 ($135,348.06). In the last three months, insiders purchased 43,851 shares of company stock worth $11,489,242.

Equiniti Group PLC 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.

Analyst Recommendations for Equiniti Group PLC (LON:EQN)

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