Equiniti Group’s (EQN) Buy Rating Reiterated at Liberum Capital

Liberum Capital reiterated their buy rating on shares of Equiniti Group (LON:EQN) in a report published on Thursday morning, ThisIsMoney.Co.Uk reports.

Several other research firms have also recently weighed in on EQN. Peel Hunt lowered their price target on Equiniti Group from GBX 173 ($2.13) to GBX 151 ($1.86) and set a hold rating on the stock in a report on Thursday. Citigroup reaffirmed a buy rating on shares of Equiniti Group in a report on Thursday, June 18th. Finally, Goldman Sachs Group decreased their target price on Equiniti Group from GBX 300 ($3.69) to GBX 260 ($3.20) and set a buy rating on the stock in a report on Wednesday, April 15th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Equiniti Group presently has an average rating of Buy and an average price target of GBX 212.67 ($2.62).

LON EQN opened at GBX 127.80 ($1.57) on Thursday. The business’s fifty day moving average price is GBX 149.06 and its 200-day moving average price is GBX 170.43. The stock has a market capitalization of $465.88 million and a price-to-earnings ratio of 15.21. The company has a debt-to-equity ratio of 78.96, a current ratio of 1.33 and a quick ratio of 1.25. Equiniti Group has a 1-year low of GBX 1.44 ($0.02) and a 1-year high of GBX 234.60 ($2.89).

In other Equiniti Group news, insider John Stier purchased 10,000 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was acquired at an average price of GBX 140 ($1.72) per share, for a total transaction of £14,000 ($17,228.65). Also, insider Guy Wakeley purchased 1,209 shares of the business’s stock in a transaction on Monday, July 6th. The stock was acquired at an average price of GBX 149 ($1.83) per share, with a total value of £1,801.41 ($2,216.85).

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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