Equiniti Group PLC (EQN) Given Under Review Rating at Liberum Capital

Equiniti Group PLC (LON:EQN)‘s stock had its “under review” rating restated by equities researchers at Liberum Capital in a report released on Wednesday, July 12th.

Other equities research analysts have also issued reports about the stock. Peel Hunt reiterated an “add” rating and set a GBX 212 ($2.76) target price on shares of Equiniti Group PLC in a research note on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) upped their price objective on Equiniti Group PLC from GBX 226 ($2.94) to GBX 280 ($3.65) and gave the stock a “buy” rating in a research note on Friday, June 30th. Citigroup Inc. lowered Equiniti Group PLC to a “neutral” rating and upped their price objective for the stock from GBX 230 ($3.00) to GBX 265 ($3.45) in a research note on Tuesday, July 11th. Finally, Credit Suisse Group upped their price objective on Equiniti Group PLC from GBX 210 ($2.73) to GBX 240 ($3.13) and gave the stock an “outperform” rating in a research note on Friday, June 9th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of GBX 281.67 ($3.67).

Shares of Equiniti Group PLC (LON EQN) traded up 0.47% during mid-day trading on Wednesday, hitting GBX 267.50. The stock had a trading volume of 148,030 shares. Equiniti Group PLC has a 1-year low of GBX 163.25 and a 1-year high of GBX 285.25. The stock’s 50-day moving average price is GBX 261.95 and its 200 day moving average price is GBX 219.61. The company’s market capitalization is GBX 802.71 million.

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In other Equiniti Group PLC news, insider Philip Yea purchased 40,000 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was purchased at an average price of GBX 262 ($3.41) per share, with a total value of £104,800 ($136,476.10). Also, insider Guy Wakeley purchased 3,795 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was acquired at an average cost of GBX 262 ($3.41) per share, with a total value of £9,942.90 ($12,948.17). Insiders have acquired a total of 44,631 shares of company stock valued at $11,654,030 in the last three months.

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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