Liberum Capital Reaffirms Buy Rating for Equiniti Group (EQN)

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Liberum Capital reissued their buy rating on shares of Equiniti Group (LON:EQN) in a research report report published on Tuesday. Liberum Capital currently has a GBX 320 ($4.13) price target on the stock.

A number of other research firms have also weighed in on EQN. Citigroup reiterated a buy rating on shares of Equiniti Group in a research report on Monday, July 30th. Peel Hunt reiterated an add rating on shares of Equiniti Group in a research report on Friday, July 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. Equiniti Group presently has an average rating of Buy and an average target price of GBX 307 ($3.96).

LON:EQN opened at GBX 249.50 ($3.22) on Tuesday. Equiniti Group has a 52-week low of GBX 178.31 ($2.30) and a 52-week high of GBX 330 ($4.26).

Equiniti Group (LON:EQN) last announced its earnings results on Friday, July 27th. The company reported GBX 7.70 ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of GBX 7.60 ($0.10) by GBX 0.10 ($0.00). Equiniti Group had a net margin of 3.70% and a return on equity of 2.93%.

The company also recently disclosed a dividend, which will be paid on Friday, October 26th. Investors of record on Thursday, September 13th will be given a GBX 1.83 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, September 13th. This represents a yield of 0.83%.

In other Equiniti Group news, insider Guy Wakeley bought 846 shares of Equiniti Group stock in a transaction on Monday, August 13th. The stock was bought at an average price of GBX 213 ($2.75) per share, with a total value of £1,801.98 ($2,324.54). Also, insider Liam McGrath bought 2,138 shares of Equiniti Group stock in a transaction on Friday, July 27th. The stock was acquired at an average cost of GBX 233 ($3.01) per share, with a total value of £4,981.54 ($6,426.14). Over the last quarter, insiders purchased 3,690 shares of company stock worth $858,382.

Equiniti Group Company Profile

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, company secretarial, and investor analytic services; and employee services, such as employee share plans, executive and discretionary share plans, trustee, and creative services, as well as guides customers through the bereavement process.

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Analyst Recommendations for Equiniti Group (LON:EQN)

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