Equiniti Group (LON:EQN) was downgraded by equities researchers at Credit Suisse Group to an “underperform” rating in a report released on Wednesday. They presently have a GBX 270 ($3.61) target price on the stock, down from their prior target price of GBX 300 ($4.01). Credit Suisse Group’s target price suggests a potential downside of 5.01% from the stock’s current price.
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 target on shares of Equiniti Group in a research note on Tuesday, September 12th. Peel Hunt reissued an “add” rating and issued a GBX 293 ($3.92) target price 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 issued a “buy” rating and a GBX 345 ($4.61) target price for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 302.17 ($4.04).
Shares of Equiniti Group (LON EQN) opened at GBX 284.25 ($3.80) on Wednesday. Equiniti Group has a one year low of GBX 170.13 ($2.27) and a one year high of GBX 319.30 ($4.27). The stock has a market cap of $1,040.00 and a price-to-earnings ratio of 3,158.33.
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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