Berenberg Bank Initiates Coverage on Equiniti Group (EQN)

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).

In other news, insider Guy Wakeley sold 15,579 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of GBX 103 ($1.38), for a total value of £16,046.37 ($21,489.71). Also, insider Tim Miller sold 8,793 shares of the company’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of GBX 110 ($1.47), for a total transaction of £9,672.30 ($12,953.39). Over the last ninety days, insiders sold 33,004 shares of company stock valued at $3,511,753.

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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.

Analyst Recommendations for Equiniti Group (LON:EQN)

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