Equiniti Group PLC (LON:EQN) insider Philip Yea bought 40,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was bought at an average price of GBX 262 ($3.40) per share, with a total value of £104,800 ($136,050.89).
Shares of Equiniti Group PLC (LON EQN) opened at 273.75 on Friday. The firm’s 50-day moving average is GBX 264.55 and its 200 day moving average is GBX 222.21. The stock’s market capitalization is GBX 821.47 million. Equiniti Group PLC has a 52-week low of GBX 163.25 and a 52-week high of GBX 285.25.
The company also recently declared a dividend, which will be paid on Thursday, October 26th. Investors of record on Thursday, September 14th will be paid a dividend of GBX 1.75 ($0.02) per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a dividend yield of 0.66%.
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EQN has been the subject of several research reports. Liberum Capital reiterated a “buy” rating and issued a GBX 245 ($3.18) target price on shares of Equiniti Group PLC in a research report on Tuesday, April 25th. Goldman Sachs Group, Inc. (The) cut their price target on shares of Equiniti Group PLC from GBX 236 ($3.06) to GBX 226 ($2.93) and set a “buy” rating for the company in a research report on Wednesday, April 26th. Credit Suisse Group upped their price target on shares of Equiniti Group PLC from GBX 210 ($2.73) to GBX 240 ($3.12) and gave the company an “outperform” rating in a research report on Friday, June 9th. Peel Hunt restated an “add” rating and set a GBX 212 ($2.75) price target on shares of Equiniti Group PLC in a research report on Thursday, June 22nd. Finally, Citigroup Inc. lowered shares of Equiniti Group PLC to a “neutral” rating and upped their price target for the company from GBX 230 ($2.99) to GBX 265 ($3.44) in a research report on Tuesday, July 11th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of GBX 281.67 ($3.66).
Equiniti Group PLC 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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