Liberum Capital reaffirmed their buy rating on shares of Equiniti Group (LON:EQN) in a research report released on Thursday morning, ThisIsMoney.Co.Uk reports.
Several other brokerages have also recently issued reports on EQN. Peel Hunt dropped their price target on shares of Equiniti Group from GBX 173 ($2.13) to GBX 151 ($1.86) and set a hold rating for the company in a research note on Thursday. Goldman Sachs Group decreased their price objective on shares of Equiniti Group from GBX 300 ($3.69) to GBX 260 ($3.20) and set a buy rating on the stock in a report on Wednesday, April 15th. Finally, Citigroup reiterated a buy rating on shares of Equiniti Group in a report on Thursday, June 18th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of GBX 212.67 ($2.62).
EQN stock opened at GBX 127.80 ($1.57) on Thursday. The stock has a market capitalization of $465.88 million and a P/E ratio of 15.21. The firm has a 50-day simple moving average of GBX 149.06 and a 200-day simple moving average of GBX 170.43. The company has a quick ratio of 1.25, a current ratio of 1.33 and a debt-to-equity ratio of 78.96. Equiniti Group has a 52 week low of GBX 1.44 ($0.02) and a 52 week high of GBX 234.60 ($2.89).
In related news, insider John Stier purchased 10,000 shares of Equiniti Group stock in a transaction dated Thursday, May 21st. The stock was acquired at an average cost of GBX 140 ($1.72) per share, with a total value of £14,000 ($17,228.65). Also, insider Guy Wakeley purchased 1,209 shares of Equiniti Group stock in a transaction dated Monday, July 6th. The stock was bought at an average cost of GBX 149 ($1.83) per share, with a total value of £1,801.41 ($2,216.85).
Equiniti Group Company Profile
Equiniti Group plc, together with its subsidiaries, provides administration and payment services in the United Kingdom. The company operates in four segments: Investment Solutions, Intelligent Solutions, Pension Solutions, and Interest Income. It offers registration services, including share registration, corporate actions and IPOs, company secretarial, proxy solicitation, and investor analytic services; and employee services, such as employee share plans, executive and discretionary share plans, and trustee services, as well as bereavement services.
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