Equiniti Group PLC (LON:EQN) insider Guy Wakeley acquired 1,209 shares of the stock in a transaction dated Monday, July 6th. The stock was acquired at an average price of GBX 149 ($1.83) per share, for a total transaction of £1,801.41 ($2,216.85).
Shares of EQN stock opened at GBX 148.60 ($1.83) on Thursday. The firm has a market capitalization of $541.70 million and a P/E ratio of 17.69. The company has a current ratio of 1.33, a quick ratio of 1.25 and a debt-to-equity ratio of 78.96. The firm’s fifty day simple moving average is GBX 148.64 and its 200 day simple moving average is GBX 177.94. Equiniti Group PLC has a 1 year low of GBX 133.40 ($1.64) and a 1 year high of GBX 234.60 ($2.89).
A number of analysts have weighed in on EQN shares. Berenberg Bank lowered Equiniti Group to a “hold” rating and lowered their target price for the stock from GBX 260 ($3.20) to GBX 150 ($1.85) in a report on Wednesday, March 25th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 200 ($2.46) price target (down from GBX 265 ($3.26)) on shares of Equiniti Group in a research note on Wednesday, April 15th. Peel Hunt restated a “hold” rating on shares of Equiniti Group in a report on Wednesday, May 6th. Goldman Sachs Group dropped their price target on shares of Equiniti Group from GBX 300 ($3.69) to GBX 260 ($3.20) and set a “buy” rating for the company in a research note on Wednesday, April 15th. Finally, Citigroup reissued a “buy” rating on shares of Equiniti Group in a research report on Thursday, June 18th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of GBX 225 ($2.77).
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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