Equiniti Group PLC (LON:EQN) had its price objective boosted by Goldman Sachs Group, Inc. (The) from GBX 280 ($3.63) to GBX 320 ($4.15) in a research note published on Friday, July 21st, MarketBeat.com reports. The firm currently has a buy rating on the stock.
Other research analysts have also recently issued reports about the company. Credit Suisse Group boosted their price objective on Equiniti Group PLC from GBX 210 ($2.73) to GBX 240 ($3.12) and gave the company an outperform rating in a research report on Friday, June 9th. Peel Hunt boosted their price objective on Equiniti Group PLC from GBX 212 ($2.75) to GBX 293 ($3.80) and gave the company an add rating in a research report on Wednesday, July 19th. Liberum Capital reiterated an under review rating on shares of Equiniti Group PLC in a research report on Wednesday, July 12th. Finally, Citigroup Inc. cut Equiniti Group PLC to a neutral rating and boosted their price target for the stock from GBX 230 ($2.99) to GBX 265 ($3.44) in a research report on Tuesday, July 11th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of GBX 281.67 ($3.66).
Shares of Equiniti Group PLC (LON EQN) traded up 3.11% on Friday, reaching GBX 273.75. 214,782 shares of the company traded hands. The stock’s market capitalization is GBX 821.47 million. The stock’s 50 day moving average price is GBX 264.55 and its 200-day moving average price is GBX 222.21. Equiniti Group PLC has a one year low of GBX 163.25 and a one year high of GBX 285.25.
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The firm also recently declared a dividend, which will be paid on Thursday, October 26th. Stockholders of record on Thursday, September 14th will be paid a GBX 1.75 ($0.02) dividend. This represents a dividend yield of 0.66%. The ex-dividend date is Thursday, September 14th.
In other news, insider Philip Yea bought 40,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were purchased at an average price of GBX 262 ($3.40) per share, with a total value of £104,800 ($136,050.89). Also, insider Guy Wakeley bought 3,795 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were purchased at an average cost of GBX 262 ($3.40) per share, for a total transaction of £9,942.90 ($12,907.83). In the last ninety days, insiders bought 43,851 shares of company stock worth $11,489,242.
Equiniti Group PLC 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.
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