Equiniti Group PLC (LON:EQN) had its price objective increased by Goldman Sachs Group, Inc. (The) from GBX 280 ($3.65) to GBX 320 ($4.17) in a research note issued to investors on Friday, July 21st, Marketbeat.com reports. They currently have a buy rating on the stock.
Several other equities research analysts also recently weighed in on EQN. Peel Hunt raised their target price on shares of Equiniti Group PLC from GBX 212 ($2.76) to GBX 293 ($3.82) and gave the company an add rating in a research note on Wednesday, July 19th. Liberum Capital reiterated an under review rating on shares of Equiniti Group PLC in a research note on Wednesday, July 12th. Credit Suisse Group lifted their price objective on shares of Equiniti Group PLC from GBX 210 ($2.73) to GBX 240 ($3.13) and gave the stock an outperform rating in a research note on Friday, June 9th. Finally, Citigroup Inc. downgraded shares of Equiniti Group PLC to a neutral rating and lifted their price objective for the stock from GBX 230 ($3.00) to GBX 265 ($3.45) in a research note on Tuesday, July 11th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average target price of GBX 281.67 ($3.67).
Shares of Equiniti Group PLC (LON EQN) traded up 0.47% during midday trading on Friday, reaching GBX 267.50. 148,030 shares of the company’s stock were exchanged. Equiniti Group PLC has a one year low of GBX 163.25 and a one year high of GBX 285.25. The firm’s market cap is GBX 802.73 million. The stock’s 50-day moving average is GBX 261.60 and its 200 day moving average is GBX 219.38.
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The business also recently disclosed a dividend, which will be paid on Thursday, October 26th. Stockholders of record on Thursday, September 14th will be paid a dividend of GBX 1.75 ($0.02) per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a dividend yield of 0.66%.
In other Equiniti Group PLC news, insider Philip Yea bought 40,000 shares of Equiniti Group PLC stock in a transaction that occurred on Monday, July 31st. The stock was purchased at an average price of GBX 262 ($3.41) per share, with a total value of £104,800 ($136,476.10). Also, insider Guy Wakeley bought 836 shares of Equiniti Group PLC stock in a transaction that occurred on Monday, May 15th. The shares were acquired at an average cost of GBX 215 ($2.80) per share, with a total value of £1,797.40 ($2,340.67). Insiders have bought 44,631 shares of company stock valued at $11,654,030 over the last quarter.
About Equiniti Group PLC
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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