Equiniti Group PLC (LON:EQN) Given “Add” Rating at Peel Hunt

Equiniti Group PLC (LON:EQN)‘s stock had its “add” rating restated by equities research analysts at Peel Hunt in a report released on Wednesday, July 12th.

A number of other brokerages have also issued reports on EQN. Liberum Capital reiterated a “buy” rating and issued a GBX 290 ($3.78) target price on shares of Equiniti Group PLC in a research report on Tuesday, July 4th. Citigroup Inc. downgraded shares of Equiniti Group PLC to a “neutral” rating and upped their price target for the company from GBX 230 ($3.00) to GBX 265 ($3.45) in a report on Tuesday, July 11th. Goldman Sachs Group, Inc. (The) upped their price target on shares of Equiniti Group PLC from GBX 226 ($2.94) to GBX 280 ($3.65) and gave the company a “buy” rating in a report on Friday, June 30th. Finally, Credit Suisse Group upped their price target on shares of Equiniti Group PLC from GBX 210 ($2.73) to GBX 240 ($3.13) and gave the company an “outperform” rating in a report on Friday, June 9th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of GBX 281.67 ($3.67).

Shares of Equiniti Group PLC (LON EQN) traded up 0.47% during mid-day trading on Wednesday, hitting GBX 267.50. 148,030 shares of the stock traded hands. Equiniti Group PLC has a 12-month low of GBX 163.25 and a 12-month high of GBX 285.25. The stock’s market cap is GBX 802.71 million. The firm’s 50 day moving average price is GBX 261.60 and its 200-day moving average price is GBX 219.38.

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In other news, insider Philip Yea acquired 40,000 shares of Equiniti Group PLC stock in a transaction on Monday, July 31st. The stock was bought at an average cost of GBX 262 ($3.41) per share, with a total value of £104,800 ($136,476.10). Also, insider Guy Wakeley acquired 3,795 shares of Equiniti Group PLC stock in a transaction on Friday, July 28th. The shares were purchased at an average cost of GBX 262 ($3.41) per share, with a total value of £9,942.90 ($12,948.17). Insiders have acquired 44,631 shares of company stock valued at $11,654,030 over the last ninety days.

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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