Shares of Equiniti Group PLC (LON:EQN) have been assigned an average rating of “Buy” from the six brokerages that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is GBX 281.67 ($3.70).
EQN has been the subject of several analyst reports. Goldman Sachs Group, Inc. (The) upped their target price on Equiniti Group PLC from GBX 280 ($3.68) to GBX 320 ($4.21) and gave the company a “buy” rating in a research note on Friday, July 21st. Peel Hunt restated an “add” rating and set a GBX 293 ($3.85) price target on shares of Equiniti Group PLC in a research note on Tuesday, September 12th. Finally, Liberum Capital restated an “under review” rating on shares of Equiniti Group PLC in a research note on Friday, July 28th.
In other news, insider Guy Wakeley sold 15,579 shares of the firm’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of GBX 103 ($1.35), for a total value of £16,046.37 ($21,105.31). Also, insider Paul Matthews sold 4,817 shares of the firm’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of GBX 108 ($1.42), for a total value of £5,202.36 ($6,842.51). Over the last 90 days, insiders sold 33,004 shares of company stock worth $3,511,753.
Equiniti Group PLC (LON EQN) traded down GBX 4.70 ($0.06) during trading on Friday, hitting GBX 288.30 ($3.79). The company had a trading volume of 671,518 shares, compared to its average volume of 1,490,000. Equiniti Group PLC has a 12-month low of GBX 170.13 ($2.24) and a 12-month high of GBX 319.30 ($4.20).
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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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