Goldman Sachs Group Reiterates Buy Rating for Equiniti Group (LON:EQN)

Goldman Sachs Group restated their buy rating on shares of Equiniti Group (LON:EQN) in a report issued on Tuesday morning, ThisIsMoney.Co.Uk reports.

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

LON EQN opened at GBX 191.80 ($2.51) on Tuesday. The firm’s fifty day simple moving average is GBX 216.73 and its two-hundred day simple moving average is GBX 215.80. The company has a current ratio of 1.35, a quick ratio of 1.23 and a debt-to-equity ratio of 82.10. Equiniti Group has a 12-month low of GBX 169 ($2.21) and a 12-month high of GBX 267 ($3.49). The firm has a market capitalization of $699.18 million and a P/E ratio of 28.21.

The business also recently disclosed a dividend, which will be paid on Friday, October 25th. Stockholders of record on Thursday, September 19th will be issued a dividend of GBX 1.95 ($0.03) per share. This represents a dividend yield of 0.97%. The ex-dividend date of this dividend is Thursday, September 19th. Equiniti Group’s dividend payout ratio (DPR) is presently 0.74%.

In related news, insider John Stier acquired 874 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were purchased at an average cost of GBX 219 ($2.86) per share, with a total value of £1,914.06 ($2,501.06).

Equiniti Group Company Profile

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.

Featured Story: What are earnings reports?

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's FREE daily email newsletter.