Equiniti Group (LON:EQN) Earns “Buy” Rating from Peel Hunt

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Equiniti Group (LON:EQN)‘s stock had its “buy” rating reaffirmed by equities research analysts at Peel Hunt in a research report issued to clients and investors on Monday, ThisIsMoney.Co.Uk reports.

Other research analysts also recently issued research reports about the stock. Liberum Capital reissued a “buy” rating on shares of Equiniti Group in a research note on Thursday, June 13th. Berenberg Bank cut their target price on shares of Equiniti Group from GBX 345 ($4.51) to GBX 320 ($4.18) and set a “buy” rating for the company in a research note on Wednesday, March 13th. Barclays reissued an “overweight” rating on shares of Equiniti Group in a research note on Wednesday, March 13th. Finally, Goldman Sachs Group cut their target price on shares of Equiniti Group from GBX 320 ($4.18) to GBX 310 ($4.05) and set a “conviction-buy” rating for the company in a research note on Thursday, May 23rd. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of GBX 292.40 ($3.82).

Shares of EQN stock opened at GBX 218.80 ($2.86) on Monday. Equiniti Group has a twelve month low of GBX 169 ($2.21) and a twelve month high of GBX 267 ($3.49). The stock has a market capitalization of $784.48 million and a P/E ratio of 46.55. The company has a debt-to-equity ratio of 78.23, a current ratio of 1.43 and a quick ratio of 1.32.

In related news, insider John Stier acquired 874 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was bought at an average price of GBX 219 ($2.86) per share, with a total value of £1,914.06 ($2,501.06).

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, corporate actions and IPOs, company secretarial, proxy solicitation, and investor analytic services; and employee services, such as employee share plans, executive and discretionary share plans, and trustee services, as well as bereavement services.

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Analyst Recommendations for Equiniti Group (LON:EQN)

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