Equiniti Group (EQN) Rating Lowered to Underperform at Credit Suisse Group

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.

In other news, insider Paul Matthews sold 4,817 shares of the business’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of GBX 108 ($1.44), for a total value of £5,202.36 ($6,955.96). Also, insider Guy Wakeley bought 10,000 shares of the company’s stock in a transaction dated Wednesday, December 20th. The stock was bought at an average cost of GBX 285 ($3.81) per share, with a total value of £28,500 ($38,106.70).

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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.

Analyst Recommendations for Equiniti Group (LON:EQN)

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