Citigroup Reaffirms Buy Rating for Equiniti Group (EQN)

Citigroup reissued their buy rating on shares of Equiniti Group (LON:EQN) in a research note issued to investors on Monday.

Several other equities research analysts have also commented on EQN. Peel Hunt restated an add rating on shares of Equiniti Group in a research report on Friday, July 27th. Liberum Capital restated a buy rating on shares of Equiniti Group in a research report on Friday, July 27th. Finally, Barclays restated an overweight rating on shares of Equiniti Group in a research report on Friday, May 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. Equiniti Group currently has an average rating of Buy and an average price target of GBX 307 ($4.03).

Shares of Equiniti Group opened at GBX 206.50 ($2.71) on Monday, according to Marketbeat Ratings. Equiniti Group has a 52 week low of GBX 178.31 ($2.34) and a 52 week high of GBX 330 ($4.34).

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

The business also recently disclosed a dividend, which will be paid on Friday, October 26th. Shareholders 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 related news, insider John Stier acquired 706 shares of the stock in a transaction on Wednesday, June 13th. The shares were acquired at an average price of GBX 255 ($3.35) per share, for a total transaction of £1,800.30 ($2,365.39). Also, insider Liam McGrath acquired 2,138 shares of the stock in a transaction on Friday, July 27th. The stock was bought at an average price of GBX 233 ($3.06) per share, for a total transaction of £4,981.54 ($6,545.18).

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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