Equiniti Group PLC (LON:EQN) insider John Stier purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was bought at an average cost of GBX 140 ($1.84) per share, with a total value of £14,000 ($18,416.21).
Shares of EQN opened at GBX 143 ($1.88) on Friday. Equiniti Group PLC has a 52-week low of GBX 136.40 ($1.79) and a 52-week high of GBX 238.20 ($3.13). The company has a quick ratio of 1.25, a current ratio of 1.33 and a debt-to-equity ratio of 78.96. The firm’s fifty day moving average is GBX 152.55 and its two-hundred day moving average is GBX 190.96. The stock has a market cap of $521.29 million and a PE ratio of 17.02.
Equiniti Group (LON:EQN) last announced its earnings results on Thursday, March 12th. The company reported GBX 18.10 ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of GBX 18.20 ($0.24) by GBX (0.10) ($0.00). As a group, research analysts anticipate that Equiniti Group PLC will post 1712.0001764 earnings per share for the current year.
The company also recently declared a dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Thursday, April 16th will be given a dividend of GBX 3.54 ($0.05) per share. This is a boost from Equiniti Group’s previous dividend of $1.95. The ex-dividend date of this dividend is Thursday, April 16th. This represents a dividend yield of 2.06%. Equiniti Group’s payout ratio is presently 0.60%.
Several brokerages recently commented on EQN. Goldman Sachs Group cut their price target on shares of Equiniti Group from GBX 300 ($3.95) to GBX 260 ($3.42) and set a “buy” rating for the company in a report on Wednesday, April 15th. Peel Hunt reissued a “hold” rating on shares of Equiniti Group in a report on Wednesday, May 6th. Berenberg Bank lowered shares of Equiniti Group to a “hold” rating and cut their price target for the stock from GBX 260 ($3.42) to GBX 150 ($1.97) in a report on Wednesday, March 25th. Finally, Liberum Capital reissued a “buy” rating and issued a GBX 200 ($2.63) price target (down previously from GBX 265 ($3.49)) on shares of Equiniti Group in a report on Wednesday, April 15th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 225 ($2.96).
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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