Credit Suisse Group Lowers Equiniti Group (EQN) to Underperform

Credit Suisse Group lowered shares of Equiniti Group (LON:EQN) to an underperform rating in a research report released on Wednesday morning. The brokerage currently has GBX 270 ($3.61) price objective on the stock, down from their previous price objective of GBX 300 ($4.01).

Other equities research analysts also recently issued research reports about the stock. Liberum Capital reaffirmed a buy rating and set a GBX 347 ($4.64) price objective on shares of Equiniti Group in a research report on Tuesday, September 12th. Peel Hunt reaffirmed an add rating and set a GBX 293 ($3.92) price objective on shares of Equiniti Group in a research report on Thursday, December 21st. Finally, Berenberg Bank assumed coverage on shares of Equiniti Group in a research report on Wednesday, November 29th. They set a buy rating and a GBX 345 ($4.61) price objective for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Equiniti Group has a consensus rating of Hold and a consensus price target of GBX 302.17 ($4.04).

Shares of Equiniti Group (LON:EQN) opened at GBX 272 ($3.64) on Wednesday. Equiniti Group has a 1 year low of GBX 170.13 ($2.27) and a 1 year high of GBX 319.30 ($4.27). The firm has a market cap of $991.24 and a PE ratio of 3,022.22.

In other Equiniti Group news, insider Paul Matthews sold 4,817 shares of the business’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of GBX 108 ($1.44), for a total transaction of £5,202.36 ($6,955.96). Also, insider Guy Wakeley bought 10,000 shares of Equiniti Group stock in a transaction on Wednesday, December 20th. The shares were purchased at an average cost of GBX 285 ($3.81) per share, with a total value of £28,500 ($38,106.70).

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Equiniti Group Company Profile

Equiniti Group plc provides complex administration and payment services, supported by technology platforms, to a range of organizations. The Company’s segments include Investment Solutions, Intelligent Solutions, Pension Solutions and Interest. The Investment Solutions offers a range of services, including share registration for around half the Financial Times Stock Exchange (FTSE) 100, and the administration of save as you earn (SAYE) schemes and share incentive plans.

Analyst Recommendations for Equiniti Group (LON:EQN)

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