Rating Worth Watching: Barclays Capital Analyst Reaffirmed GBX 225.00 Price Target on Equiniti Group Plc (LON:EQN) stock, While Reiterating Overweight Rating

November 23, 2016 - By whatsonthorold

Equiniti Group Plc (LON:EQN) Rating

London: In an analyst report revealed to clients on 23 November, Barclays Capital kept their Overweight rating on shares of Equiniti Group Plc (LON:EQN). They currently have a GBX 225.00 PT on the firm. Barclays Capital’s target suggests a potential upside of 17.19% from the company’s previous stock close.

Equiniti Group PLC (LON:EQN) Ratings Coverage

Out of 9 analysts covering Equiniti Group Plc (LON:EQN), 7 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 78% are positive. GBX 260 is the highest target while GBX 31 is the lowest. The GBX 138 average target is -28.22% below today’s (GBX 192.25) stock price. Equiniti Group Plc has been the topic of 23 analyst reports since December 7, 2015 according to StockzIntelligence Inc. Goldman Sachs maintained Equiniti Group PLC (LON:EQN) rating on Thursday, September 8. Goldman Sachs has “Buy” rating and GBX 231 price target. Jefferies maintained Equiniti Group PLC (LON:EQN) on Friday, October 14 with “Hold” rating. Liberum Capital maintained it with “Buy” rating and GBX 250 target price in Tuesday, March 8 report. The rating was maintained by Barclays Capital with “Overweight” on Tuesday, November 22. As per Friday, September 9, the company rating was maintained by JP Morgan. On Wednesday, August 3 the stock rating was maintained by Goldman Sachs with “Buy”. The firm has “Buy” rating by Citigroup given on Wednesday, July 13. Liberum Capital maintained the shares of EQN in a report on Friday, July 29 with “Buy” rating. The firm has “Buy” rating given on Tuesday, April 26 by Liberum Capital. The rating was maintained by Liberum Capital on Tuesday, November 22 with “Buy”.

About 70,521 shares traded hands. Equiniti Group PLC (LON:EQN) has risen 18.34% since April 25, 2016 and is uptrending. It has outperformed by 13.01% the S&P500.

Equiniti Group plc provides administration, processing and payment services, as well as smart technology solutions for complex and regulated markets. The company has a market cap of 576.76 million GBP. The Firm operates in four divisions: Investment Solutions, Intelligent Solutions, Pension Solutions and Interest Income supported by central functions. It currently has negative earnings. The Company’s investment solutions encompass registration services, investment services and employee services businesses.

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