HSBC Lowers Experian (EXPN) Price Target to GBX 1,500

Experian (LON:EXPN) had its price target lowered by equities researchers at HSBC from GBX 1,700 ($22.21) to GBX 1,500 ($19.60) in a report issued on Wednesday. The firm presently has a “hold” rating on the stock. HSBC’s target price would suggest a potential downside of 17.81% from the stock’s current price.

EXPN has been the subject of several other research reports. Shore Capital reiterated a “buy” rating on shares of Experian in a research report on Friday, July 13th. UBS Group lifted their price target on Experian from GBX 2,000 ($26.13) to GBX 2,150 ($28.09) and gave the stock a “buy” rating in a research report on Monday, September 3rd. Citigroup boosted their target price on Experian from GBX 1,770 ($23.13) to GBX 2,140 ($27.96) and gave the company a “buy” rating in a research report on Tuesday, July 17th. Credit Suisse Group restated an “outperform” rating on shares of Experian in a research report on Thursday, August 23rd. Finally, Jefferies Financial Group boosted their target price on Experian from GBX 1,550 ($20.25) to GBX 1,720 ($22.47) and gave the company a “hold” rating in a research report on Monday, August 6th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of GBX 1,881 ($24.58).

EXPN traded up GBX 34 ($0.44) on Wednesday, hitting GBX 1,825 ($23.85). The company had a trading volume of 1,722,396 shares, compared to its average volume of 1,870,000. Experian has a 12-month low of GBX 1,428 ($18.66) and a 12-month high of GBX 1,708 ($22.32).

In other Experian news, insider Lloyd Pitchford sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of GBX 1,904 ($24.88), for a total transaction of £190,400 ($248,791.32).

About Experian

Experian plc, together with its subsidiaries, operates as an information services company. The company offers credit services, such as holding, protecting, and managing data that help businesses and organizations to lend, as well as prevent frauds. Its credit services also holds information of people and businesses that have repaid credit in the past; and provides credit reports used by various businesses, such as banks, automotive dealers, healthcare providers, and retailers.

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