Equiniti Group PLC (EQN) Given Average Recommendation of “Hold” by Brokerages

Shares of Equiniti Group PLC (LON:EQN) have earned an average recommendation of “Hold” from the six research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is GBX 302.17 ($4.17).

A number of analysts have weighed in on EQN shares. Peel Hunt reissued an “add” rating and set a GBX 293 ($4.05) target price on shares of Equiniti Group in a research report on Tuesday, January 23rd. Liberum Capital reissued a “buy” rating and set a GBX 320 ($4.42) target price on shares of Equiniti Group in a research report on Thursday, February 1st. Berenberg Bank started coverage on shares of Equiniti Group in a research report on Wednesday, November 29th. They set a “buy” rating and a GBX 345 ($4.77) target price for the company. Finally, Credit Suisse Group reissued an “underperform” rating and set a GBX 270 ($3.73) target price on shares of Equiniti Group in a research report on Thursday, January 11th.

Shares of Equiniti Group (EQN) opened at GBX 277.50 ($3.83) on Tuesday. The firm has a market cap of $1,010.00 and a P/E ratio of 3,083.33. Equiniti Group has a 52-week low of GBX 170.83 ($2.36) and a 52-week high of GBX 319.30 ($4.41).

In other news, insider Guy Wakeley bought 10,000 shares of the firm’s stock in a transaction on Wednesday, December 20th. The stock was acquired at an average price of GBX 285 ($3.94) per share, with a total value of £28,500 ($39,375.52).

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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.

Analyst Recommendations for Equiniti Group (LON:EQN)

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