Liberum Capital Reaffirms Buy Rating for Equiniti Group (LON:EQN)

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Liberum Capital restated their buy rating on shares of Equiniti Group (LON:EQN) in a research note published on Monday, ThisIsMoney.Co.Uk reports.

EQN has been the topic of several other research reports. HSBC reiterated a buy rating on shares of Equiniti Group in a research note on Monday, January 13th. Peel Hunt reiterated a hold rating on shares of Equiniti Group in a research note on Thursday, March 12th. Finally, Berenberg Bank dropped their target price on shares of Equiniti Group from GBX 320 ($4.21) to GBX 260 ($3.42) and set a buy rating on the stock in a research note on Thursday, February 6th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Equiniti Group currently has an average rating of Buy and a consensus target price of GBX 243.67 ($3.21).

LON:EQN opened at GBX 169.90 ($2.23) on Monday. Equiniti Group has a one year low of GBX 147.70 ($1.94) and a one year high of GBX 238.20 ($3.13). The company has a debt-to-equity ratio of 78.96, a current ratio of 1.33 and a quick ratio of 1.25. The company’s 50-day simple moving average is GBX 193.71 and its 200 day simple moving average is GBX 208.22. The firm has a market capitalization of $619.35 million and a P/E ratio of 20.23.

Equiniti Group (LON:EQN) last posted its quarterly earnings data on Thursday, March 12th. The company reported GBX 18.10 ($0.24) EPS for the quarter, missing the consensus estimate of GBX 18.20 ($0.24) by GBX (0.10) ($0.00). On average, equities research analysts expect that Equiniti Group will post 1712.0001656 earnings per share for the current fiscal year.

The company also recently announced a dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Thursday, April 16th will be paid a GBX 3.54 ($0.05) dividend. This represents a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, April 16th. This is an increase from Equiniti Group’s previous dividend of $1.95. Equiniti Group’s dividend payout ratio is currently 0.60%.

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.

Further Reading: What are convertible shares? 

Analyst Recommendations for Equiniti Group (LON:EQN)

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