Equiniti Group PLC (EQN) Given Average Recommendation of “Hold” by Analysts

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.

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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.

Analyst Recommendations for Equiniti Group (LON:EQN)

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