Equiniti Group (LON:EQN) Price Target Lowered to GBX 235 at Barclays

Equiniti Group (LON:EQN) had its target price decreased by Barclays from GBX 300 ($3.92) to GBX 235 ($3.07) in a report issued on Wednesday morning, Digital Look reports. Barclays currently has an overweight rating on the stock.

A number of other equities analysts have also commented on the company. Liberum Capital reaffirmed a buy rating and issued a GBX 290 ($3.79) price target on shares of Equiniti Group in a report on Tuesday. Peel Hunt reaffirmed a buy rating on shares of Equiniti Group in a report on Tuesday. Finally, Goldman Sachs Group reissued a buy rating on shares of Equiniti Group in a research note on Tuesday, August 13th. Five analysts have rated the stock with a buy rating, The company has a consensus rating of Buy and an average target price of GBX 279.40 ($3.65).

Shares of Equiniti Group stock traded up GBX 7 ($0.09) during trading hours on Wednesday, reaching GBX 203 ($2.65). The company had a trading volume of 978,781 shares, compared to its average volume of 1,310,000. Equiniti Group has a one year low of GBX 169 ($2.21) and a one year high of GBX 238.20 ($3.11). The business has a fifty day simple moving average of GBX 219.70 and a 200 day simple moving average of GBX 217.49. The company has a debt-to-equity ratio of 82.10, a current ratio of 1.35 and a quick ratio of 1.23. The firm has a market cap of $740.01 million and a PE ratio of 29.85.

In other Equiniti Group news, insider Guy Wakeley acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was bought at an average price of GBX 190 ($2.48) per share, with a total value of £19,000 ($24,826.87).

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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