Equiniti Group’s (EQN) Buy Rating Reiterated at Goldman Sachs Group

Goldman Sachs Group reiterated their buy rating on shares of Equiniti Group (LON:EQN) in a research note issued to investors on Tuesday morning, ThisIsMoney.Co.Uk reports.

Other research analysts have also issued research reports about the company. Liberum Capital restated a buy rating on shares of Equiniti Group in a research report on Friday, August 2nd. Peel Hunt restated a buy rating on shares of Equiniti Group in a research report on Monday, July 29th. Five research analysts have rated the stock with a buy rating, The company has a consensus rating of Buy and a consensus target price of GBX 292.40 ($3.82).

Shares of LON:EQN opened at GBX 191.80 ($2.51) on Tuesday. Equiniti Group has a 1 year low of GBX 169 ($2.21) and a 1 year high of GBX 267 ($3.49). The business has a 50 day simple moving average of GBX 216.73 and a two-hundred day simple moving average of GBX 215.80. The firm has a market capitalization of $699.18 million and a PE ratio of 28.21. 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 also recently announced a dividend, which will be paid on Friday, October 25th. Shareholders of record on Thursday, September 19th will be given a dividend of GBX 1.95 ($0.03) per share. The ex-dividend date is Thursday, September 19th. This represents a dividend yield of 0.97%. Equiniti Group’s dividend payout ratio (DPR) is presently 0.74%.

In other Equiniti Group news, insider John Stier bought 874 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was acquired at an average price of GBX 219 ($2.86) per share, for a total transaction of £1,914.06 ($2,501.06).

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.

Further Reading: Gross Domestic Product (GDP)

Analyst Recommendations for Equiniti Group (LON:EQN)

Receive News & Ratings for Equiniti Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equiniti Group and related companies with MarketBeat.com's FREE daily email newsletter.