Equiniti Group (EQN) Downgraded to “Underperform” at Credit Suisse Group

Credit Suisse Group lowered shares of Equiniti Group (LON:EQN) to an underperform rating in a research report report published on Wednesday. Credit Suisse Group currently has GBX 270 ($3.61) price target on the stock, down from their prior price target of GBX 300 ($4.01).

A number of other equities research analysts have also issued reports on EQN. Peel Hunt reiterated an add rating and issued a GBX 293 ($3.92) price target on shares of Equiniti Group in a research note on Tuesday, November 21st. Liberum Capital reiterated a buy rating and issued a GBX 347 ($4.64) price target on shares of Equiniti Group in a research note on Thursday, September 21st. Finally, Berenberg Bank assumed coverage on Equiniti Group in a research note on Wednesday, November 29th. They issued a buy rating and a GBX 345 ($4.61) price target for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Equiniti Group currently has an average rating of Hold and a consensus target price of GBX 302.17 ($4.04).

Equiniti Group (EQN) opened at GBX 272 ($3.64) on Wednesday. Equiniti Group has a twelve month low of GBX 170.13 ($2.27) and a twelve month high of GBX 319.30 ($4.27). The company has a market capitalization of $991.24 and a price-to-earnings ratio of 3,022.22.

In other Equiniti Group news, insider Paul Matthews sold 4,817 shares of the stock in a transaction on Monday, October 9th. The stock was sold at an average price of GBX 108 ($1.44), for a total value of £5,202.36 ($6,955.96). Also, insider Guy Wakeley purchased 10,000 shares of the business’s stock in a transaction on Wednesday, December 20th. The stock was acquired at an average price of GBX 285 ($3.81) per share, with a total value of £28,500 ($38,106.70).

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Equiniti Group 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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