Equiniti Group (EQN) Price Target Cut to GBX 320

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Equiniti Group (LON:EQN) had its price objective dropped by equities research analysts at Berenberg Bank from GBX 345 ($4.51) to GBX 320 ($4.18) in a note issued to investors on Wednesday. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 64.27% from the company’s previous close.

Several other equities analysts have also recently commented on EQN. Peel Hunt reissued a “buy” rating and set a GBX 242 ($3.16) target price on shares of Equiniti Group in a research note on Tuesday. Barclays lowered their target price on shares of Equiniti Group from GBX 335 ($4.38) to GBX 300 ($3.92) and set an “overweight” rating on the stock in a research note on Thursday, March 7th. Finally, Liberum Capital reissued a “buy” rating on shares of Equiniti Group in a research note on Wednesday, November 14th. Five analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average price target of GBX 288 ($3.76).

Equiniti Group stock opened at GBX 194.80 ($2.55) on Wednesday. The stock has a market cap of $691.98 million and a price-to-earnings ratio of 41.45. The company has a debt-to-equity ratio of 78.13, a quick ratio of 1.43 and a current ratio of 1.43. Equiniti Group has a 52 week low of GBX 169 ($2.21) and a 52 week high of GBX 318.50 ($4.16).

In other Equiniti Group news, insider Philip Yea acquired 10,000 shares of the stock in a transaction dated Tuesday, December 18th. The shares were bought at an average price of GBX 197 ($2.57) per share, with a total value of £19,700 ($25,741.54).

About Equiniti Group

Equiniti Group plc, together with its subsidiaries, provides administration and payment services in the United Kingdom. The company operates in four segments: Investment Solutions, Intelligent Solutions, Pension Solutions, and Interest Income. It offers registration services, including share registration, company secretarial, and investor analytic services; and employee services, such as employee share plans, executive and discretionary share plans, trustee, and creative services, as well as guides customers through the bereavement process.

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Analyst Recommendations for Equiniti Group (LON:EQN)

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