Shares of Equiniti Group PLC (LON:EQN) have been given a consensus recommendation of “Hold” by the six brokerages that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is GBX 302.17 ($4.17).
EQN has been the subject of a number of research analyst reports. Credit Suisse Group downgraded shares of Equiniti Group to an “underperform” rating and dropped their target price for the stock from GBX 300 ($4.14) to GBX 270 ($3.73) in a research report on Wednesday, January 3rd. Peel Hunt restated an “add” rating and issued a GBX 293 ($4.05) price target on shares of Equiniti Group in a report on Wednesday, March 7th. Liberum Capital restated a “buy” rating and issued a GBX 320 ($4.42) price target on shares of Equiniti Group in a report on Monday, March 5th. Finally, Berenberg Bank started coverage on Equiniti Group in a report on Wednesday, November 29th. They issued a “buy” rating and a GBX 345 ($4.77) price target for the company.
Shares of Equiniti Group (EQN) opened at GBX 310 ($4.28) on Friday. The stock has a market cap of $1,130.00 and a P/E ratio of 7,750.00. Equiniti Group has a 1 year low of GBX 178.31 ($2.46) and a 1 year high of GBX 330 ($4.56).
The business also recently declared a dividend, which will be paid on Thursday, May 17th. Shareholders of record on Thursday, April 12th will be issued a GBX 2.73 ($0.04) dividend. This represents a yield of 0.88%. The ex-dividend date is Thursday, April 12th. This is a boost from Equiniti Group’s previous dividend of $1.75.
In other Equiniti Group news, insider Guy Wakeley sold 350,000 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of GBX 301 ($4.16), for a total value of £1,053,500 ($1,455,512.57).
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Equiniti Group 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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