Equiniti Group (EQN)

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Index:

FTSE 250

195.90p
   
  • Change Today:
      1.20p
  • 52 Week High: 236.20
  • 52 Week Low: 186.20
  • Currency: UK Pounds
  • Shares Issued: 364.54m
  • Volume: 830,431
  • Market Cap: £714.13m
  • Beta: 1.04

Equiniti kicks off 2019 with string of new client wins

By Duncan Ferris

Date: Thursday 02 May 2019

LONDON (ShareCast) - (Sharecast News) - Equiniti Group on Thursday reported that 2019 has "started well" with a number of new client wins, leaving the company confident of achieving full-year expectations.
The technology-led services and payments specialist said all its renewing relationships have been continued, including clients such as ABF, Fresnillo, M&G Prudential, Comcast and Proctor & Gamble, while new client wins include National Grid, Danske Bank and DWF in the UK, and WABTEC and Cincinnati Financial in the US.

Meanwhile, trading in the US was proceeding in accordance with previous guidance, with the separation of the share registration business from Wells Fargo anticipated to conclude by June 2019 with an expected cost of £45m.

The FTSE-250 listed company added that its specialist and non-discretionary services are largely insulated from the continuing uncertainty in the macro-economic environment and thus left its expectations for full year unchanged.

Analysts from Liberum said: "The company has added a number of new clients during the period as well as retaining all of its major existing clients. Separation and integration of the EQUS business remains on track, and momentum from the selling of new services into North America is progressing well. We continue to believe that the current rating fails to reflect the potential of the enlarged group."

Equiniti Group's shares were up 1.58% at 218.40p at 0831 BST.

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Equiniti Group Market Data

Currency UK Pounds
Share Price 195.90p
Change Today 1.20p
% Change 0.62 %
52 Week High 236.20
52 Week Low 186.20
Volume 830,431
Shares Issued 364.54m
Market Cap £714.13m
Beta 1.04

Equiniti Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
55.65% below the market average55.65% below the market average55.65% below the market average55.65% below the market average55.65% below the market average
26.67% below the sector average26.67% below the sector average26.67% below the sector average26.67% below the sector average26.67% below the sector average
Price Trend
52.02% below the market average52.02% below the market average52.02% below the market average52.02% below the market average52.02% below the market average
52.38% below the sector average52.38% below the sector average52.38% below the sector average52.38% below the sector average52.38% below the sector average
Income
10.98% above the market average10.98% above the market average10.98% above the market average10.98% above the market average10.98% above the market average
10.59% above the sector average10.59% above the sector average10.59% above the sector average10.59% above the sector average10.59% above the sector average
Growth
9.37% below the market average9.37% below the market average9.37% below the market average9.37% below the market average9.37% below the market average
12.82% below the sector average12.82% below the sector average12.82% below the sector average12.82% below the sector average12.82% below the sector average

What The Brokers Say

Strong Buy 5
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 7
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Equiniti Group Dividends

  Latest Previous
  Interim Final
Ex-Div 19-Sep-19 11-Apr-19
Paid 25-Oct-19 16-May-19
Amount 1.95p 3.49p

Trades for 06-Dec-2019

Time Volume / Share Price
16:35 57 @ 195.90p
16:35 157,408 @ 195.90p
16:28 49 @ 195.80p
16:28 47 @ 195.80p
16:28 52 @ 196.00p

Equiniti Group Key Personnel

CEO Guy Wakeley
CFO John Stier
Chair Philip Yea

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