Equiniti Group PLC (EQN) Now Covered by Peel Hunt
Stock analysts at Peel Hunt began coverage on shares of Equiniti Group PLC (LON:EQN) in a research report issued on Wednesday. The brokerage set a “buy” rating and a GBX 195 ($2.60) price target on the stock. Peel Hunt’s target price indicates a potential upside of 8.94% from the company’s previous close.
Several other equities research analysts also recently commented on the company. Goldman Sachs Group Inc. reissued a “buy” rating and issued a GBX 236 ($3.14) target price on shares of Equiniti Group PLC in a report on Monday, June 27th. Citigroup Inc. reissued a “buy” rating on shares of Equiniti Group PLC in a report on Wednesday, July 13th. Credit Suisse Group AG reaffirmed an “outperform” rating and set a GBX 210 ($2.80) price target on shares of Equiniti Group PLC in a report on Wednesday, August 3rd. Barclays PLC reaffirmed an “overweight” rating and set a GBX 225 ($3.00) price target on shares of Equiniti Group PLC in a report on Monday, August 1st. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Equiniti Group PLC in a report on Friday, September 9th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Equiniti Group PLC presently has an average rating of “Buy” and a consensus price target of GBX 217.67 ($2.90).
Equiniti Group PLC (LON:EQN) opened at 179.00 on Wednesday. The firm’s 50-day moving average price is GBX 169.66 and its 200-day moving average price is GBX 168.73. Equiniti Group PLC has a 12-month low of GBX 127.50 and a 12-month high of GBX 196.00. The stock’s market cap is GBX 537.00 million.
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The firm also recently declared a dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Thursday, August 25th will be issued a dividend of GBX 1.64 ($0.02) per share. This is an increase from Equiniti Group PLC’s previous dividend of $0.68. This represents a dividend yield of 0.95%. The ex-dividend date is Thursday, August 25th.
In other news, insider Wakeley,Guy bought 5,917 shares of the stock in a transaction on Friday, July 29th. The shares were bought at an average price of GBX 169 ($2.25) per share, with a total value of £9,999.73 ($13,318.77).
About Equiniti Group PLC
Equiniti Group plc provides administration, processing and payment services, as well as smart technology solutions for complex and regulated markets. The Company operates in four segments: Investment Solutions, Intelligent Solutions, Pension Solutions and Interest Income supported by central functions.
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