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.
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