Liberum Capital reissued their buy rating on shares of Equiniti Group (LON:EQN) in a report released on Monday morning, ThisIsMoney.Co.Uk reports.
A number of other research analysts have also recently weighed in on EQN. Berenberg Bank reduced their target price on Equiniti Group from GBX 320 ($4.21) to GBX 260 ($3.42) and set a buy rating on the stock in a report on Thursday, February 6th. HSBC reiterated a buy rating on shares of Equiniti Group in a report on Monday, January 13th. Finally, Peel Hunt reiterated a hold rating on shares of Equiniti Group in a report on Thursday, March 12th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of GBX 243.67 ($3.21).
Shares of Equiniti Group stock opened at GBX 176.70 ($2.32) on Monday. Equiniti Group has a twelve month low of GBX 147.70 ($1.94) and a twelve month high of GBX 238.20 ($3.13). The stock has a market capitalization of $644.14 million and a P/E ratio of 21.04. The company has a current ratio of 1.33, a quick ratio of 1.25 and a debt-to-equity ratio of 78.96. The business’s fifty day moving average price is GBX 193.71 and its 200 day moving average price is GBX 208.22.
Equiniti Group (LON:EQN) last issued its earnings results on Thursday, March 12th. The company reported GBX 18.10 ($0.24) earnings per share for the quarter, missing the Zacks’ consensus estimate of GBX 18.20 ($0.24) by GBX (0.10) ($0.00). As a group, sell-side analysts predict that Equiniti Group will post 1712.0001656 EPS for the current year.
The business also recently disclosed a dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Thursday, April 16th will be paid a dividend of GBX 3.54 ($0.05) per share. This represents a dividend yield of 2.06%. The ex-dividend date is Thursday, April 16th. This is a boost from Equiniti Group’s previous dividend of $1.95. Equiniti Group’s payout ratio is currently 0.60%.
About Equiniti Group
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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