Barclays PLC Reiterates Overweight Rating for Equiniti Group PLC (EQN)

Barclays PLC reiterated their overweight rating on shares of Equiniti Group PLC (LON:EQN) in a research note published on Friday. Barclays PLC currently has a GBX 225 ($2.94) price target on the stock.

A number of other research analysts have also issued reports on EQN. Goldman Sachs Group Inc. reissued a buy rating and issued a GBX 231 ($3.02) target price on shares of Equiniti Group PLC in a report on Wednesday, August 3rd. Liberum Capital dropped their target price on Equiniti Group PLC from GBX 250 ($3.26) to GBX 245 ($3.20) and set a buy rating on the stock in a report on Wednesday, July 27th. Citigroup Inc. reissued a buy rating on shares of Equiniti Group PLC in a report on Wednesday, July 13th. Peel Hunt started coverage on Equiniti Group PLC in a report on Wednesday, September 14th. They issued a buy rating and a GBX 195 ($2.55) target price on the stock. Finally, JPMorgan Chase & Co. reissued a neutral rating on shares of Equiniti Group PLC in a report on Friday, September 9th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of GBX 217.67 ($2.84).

Equiniti Group PLC (LON:EQN) opened at 195.50 on Friday. Equiniti Group PLC has a one year low of GBX 127.50 and a one year high of GBX 196.00. The firm has a 50-day moving average price of GBX 174.29 and a 200-day moving average price of GBX 171.32. The stock’s market cap is GBX 586.50 billion.

The firm also recently disclosed a dividend, which will be paid on Wednesday, October 26th. Investors of record on Thursday, August 25th will be issued a dividend of GBX 1.64 ($0.02) per share. This represents a yield of 0.95%. The ex-dividend date of this dividend is Thursday, August 25th. This is a positive change from Equiniti Group PLC’s previous dividend of $0.68.

In other Equiniti Group PLC news, insider Wakeley,Guy acquired 5,917 shares of the company’s stock in a transaction that occurred on Friday, July 29th. The shares were purchased at an average price of GBX 169 ($2.21) per share, with a total value of £9,999.73 ($13,052.77).

Equiniti Group PLC Company Profile

Equiniti Group plc provides administration, processing and payment services, as well as smart technology solutions for complex and regulated markets. The Company operates in four segments: Investment Solutions, Intelligent Solutions, Pension Solutions and Interest Income supported by central functions.

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