Why Has Barclays Given Equiniti Group (LON:EQN) a GBX 230.00 Price Target
In a recent research report issued to clients and investors on 7 December, research professionals at Barclays initiated coverage for Equiniti Group (LON:EQN) shares. The firm has decided to set a “Overweight” rating along with a GBX 230.00, adding 24.49% to the target.
Approximately 858,467 shares of stock traded hands. Equiniti Group PLC (LON:EQN) has risen 6.00% since November 7, 2015 and is uptrending. It has outperformed by 7.08% the S&P500.
Equiniti Group plc is a provider of administration and payment services supported by technology platforms to a range of organizations. The company has a market cap of 550.50 million GBP. The Firm offers registration services, including bereavement services, firm secretarial and share registration; employee services, including employee share plans and flexible benefits, and investment services, including international payments and personal investments. It currently has negative earnings. It also offers pension solutions, including annuity administration, pension administration and pensioner payroll, and specialist business and technology services, including business process management, case management, customer tracing, information technology services, loan administration and software solutions.