Equiniti Group (LON:EQN) Rating Reiterated by Liberum Capital

Liberum Capital restated their buy rating on shares of Equiniti Group (LON:EQN) in a research report sent to investors on Friday, ThisIsMoney.Co.Uk reports.

EQN has been the subject of several other reports. Goldman Sachs Group reduced their target price on Equiniti Group from GBX 320 ($4.18) to GBX 310 ($4.05) and set a conviction-buy rating for the company in a research note on Thursday, May 23rd. Peel Hunt reiterated a buy rating on shares of Equiniti Group in a research note on Monday, July 29th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Equiniti Group currently has a consensus rating of Buy and an average price target of GBX 292.40 ($3.82).

Shares of LON EQN opened at GBX 211.40 ($2.76) on Friday. The company has a debt-to-equity ratio of 78.23, a current ratio of 1.43 and a quick ratio of 1.32. Equiniti Group has a 12 month low of GBX 169 ($2.21) and a 12 month high of GBX 267 ($3.49). The business’s 50 day simple moving average is GBX 219.07. The company has a market cap of $770.63 million and a P/E ratio of 44.98.

The company also recently declared a dividend, which will be paid on Friday, October 25th. Investors of record on Thursday, September 19th will be paid a GBX 1.95 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a yield of 0.97%. Equiniti Group’s dividend payout ratio (DPR) is presently 1.06%.

In other news, insider John Stier purchased 874 shares of Equiniti Group stock in a transaction that occurred on Thursday, June 13th. The stock was acquired at an average cost of GBX 219 ($2.86) per share, for a total transaction of £1,914.06 ($2,501.06).

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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Analyst Recommendations for Equiniti Group (LON:EQN)

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