Equiniti Group (LON:EQN) had its target price trimmed by Peel Hunt from GBX 173 ($2.13) to GBX 151 ($1.86) in a research report released on Thursday morning, Stock Target Advisor reports. The brokerage currently has a hold rating on the stock.
EQN has been the topic of a number of other reports. Liberum Capital reaffirmed a buy rating and issued a GBX 200 ($2.46) price objective (down from GBX 265 ($3.26)) on shares of Equiniti Group in a report on Wednesday, April 15th. Citigroup reiterated a buy rating on shares of Equiniti Group in a research report on Thursday, June 18th. Finally, Goldman Sachs Group cut their target price on Equiniti Group from GBX 300 ($3.69) to GBX 260 ($3.20) and set a buy rating for the company in a research report on Wednesday, April 15th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Equiniti Group presently has an average rating of Buy and an average target price of GBX 212.67 ($2.62).
Shares of LON EQN opened at GBX 127.80 ($1.57) on Thursday. The company has a debt-to-equity ratio of 78.96, a current ratio of 1.33 and a quick ratio of 1.25. The stock’s fifty day moving average price is GBX 149.06 and its two-hundred day moving average price is GBX 170.43. Equiniti Group has a one year low of GBX 1.44 ($0.02) and a one year high of GBX 234.60 ($2.89). The firm has a market cap of $465.88 million and a price-to-earnings ratio of 15.21.
In other Equiniti Group news, insider Guy Wakeley acquired 1,209 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The stock was acquired at an average cost of GBX 149 ($1.83) per share, for a total transaction of £1,801.41 ($2,216.85). Also, insider John Stier acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were acquired at an average price of GBX 140 ($1.72) per share, with a total value of £14,000 ($17,228.65).
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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