Equiniti Group PLC (LON:EQN) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 304.50 ($3.93) and last traded at GBX 300 ($3.87), with a volume of 569,895 shares trading hands. The stock had previously closed at GBX 298 ($3.85).
A number of brokerages have recently issued reports on EQN. Peel Hunt reissued an “add” rating and issued a GBX 293 ($3.78) price objective on shares of Equiniti Group PLC in a research note on Friday, July 28th. Liberum Capital reissued a “buy” rating and issued a GBX 347 ($4.48) price objective on shares of Equiniti Group PLC in a research note on Tuesday. Credit Suisse Group boosted their price objective on Equiniti Group PLC from GBX 210 ($2.71) to GBX 240 ($3.10) and gave the company an “outperform” rating in a research note on Friday, June 9th. Finally, Goldman Sachs Group, Inc. (The) boosted their price objective on Equiniti Group PLC from GBX 280 ($3.62) to GBX 320 ($4.13) and gave the company a “buy” rating in a research note on Friday, July 21st. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of GBX 281.67 ($3.64).
The company’s 50 day moving average price is GBX 273.04 and its 200 day moving average price is GBX 232.84. The stock’s market capitalization is GBX 900.24 million.
The company also recently declared a dividend, which will be paid on Thursday, October 26th. Investors of record on Thursday, September 14th will be issued a dividend of GBX 1.75 ($0.02) per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a yield of 0.66%.
In other news, insider Philip Yea purchased 40,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were bought at an average cost of GBX 262 ($3.38) per share, for a total transaction of £104,800 ($135,348.06). Also, insider Guy Wakeley purchased 3,795 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The shares were purchased at an average price of GBX 262 ($3.38) per share, for a total transaction of £9,942.90 ($12,841.15). Insiders have purchased a total of 43,851 shares of company stock worth $11,489,242 over the last quarter.
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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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