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.
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