Equiniti Group (EQN) Lowered to “Underperform” at Credit Suisse Group

Credit Suisse Group cut shares of Equiniti Group (LON:EQN) to an underperform rating in a research report report published on Wednesday morning. They currently have GBX 270 ($3.61) target price on the stock, down from their prior target price of GBX 300 ($4.01).

EQN has been the topic of a number of other reports. Peel Hunt reiterated an add rating and issued a GBX 293 ($3.92) target price on shares of Equiniti Group in a research note on Tuesday, November 21st. Liberum Capital reiterated a buy rating and issued a GBX 347 ($4.64) target price on shares of Equiniti Group in a research note on Tuesday, September 12th. Finally, Berenberg Bank assumed coverage on shares of Equiniti Group in a research note on Wednesday, November 29th. They issued a buy rating and a GBX 345 ($4.61) target price on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of GBX 302.17 ($4.04).

Equiniti Group (EQN) traded down GBX 6 ($0.08) on Wednesday, reaching GBX 268.50 ($3.59). 1,090,000 shares of the company’s stock were exchanged, compared to its average volume of 503,717. The stock has a market capitalization of $978.49 and a PE ratio of 2,983.33. Equiniti Group has a 52-week low of GBX 170.13 ($2.27) and a 52-week high of GBX 319.30 ($4.27).

In related news, insider Paul Matthews sold 4,817 shares of the company’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of GBX 108 ($1.44), for a total transaction of £5,202.36 ($6,955.96). Also, insider Guy Wakeley purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 20th. The shares were acquired at an average price of GBX 285 ($3.81) per share, for a total transaction of £28,500 ($38,106.70).

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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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