Equities research analysts at Berenberg Bank assumed coverage on shares of Equiniti Group (LON:EQN) in a research note issued on Wednesday. The brokerage set a “buy” rating and a GBX 345 ($4.62) price target on the stock. Berenberg Bank’s target price suggests a potential upside of 18.15% from the stock’s previous close.
A number of other research analysts have also issued reports on the stock. Peel Hunt reissued an “add” rating and set a GBX 293 ($3.92) target price on shares of Equiniti Group in a research note on Tuesday, November 21st. Liberum Capital reissued a “buy” rating and set a GBX 347 ($4.65) target price on shares of Equiniti Group in a research note on Tuesday, September 12th. Finally, Goldman Sachs Group reissued a “buy” rating and set a GBX 320 ($4.29) target price on shares of Equiniti Group in a research note on Tuesday, August 1st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of GBX 297.17 ($3.98).
Shares of Equiniti Group (EQN) traded down GBX 1.80 ($0.02) during trading hours on Wednesday, hitting GBX 292 ($3.91). 613,578 shares of the company were exchanged, compared to its average volume of 1,490,000. Equiniti Group has a twelve month low of GBX 170.13 ($2.28) and a twelve month high of GBX 319.30 ($4.28).
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About Equiniti Group
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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