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).
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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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