Equiniti Group (EQN)

Sector:

Support

Index:

FTSE 250

203.00p
   
  • Change Today:
    -0.20p
  • 52 Week High: 236.20
  • 52 Week Low: 186.20
  • Currency: UK Pounds
  • Shares Issued: 364.54m
  • Volume: 551,038
  • Market Cap: £740.01m
  • Beta: 1.03

Liberum stays at 'buy' on Equiniti, hails 'momentum' in business

By Alexander Bueso

Date: Thursday 02 May 2019

LONDON (ShareCast) - (Sharecast News) - Analysts at Liberum reiterated their 'buy' recommendation for shares of Equiniti, telling clients that the latest update from the company confirmed he "momentum" in the business.
With Equiniti management having said that 2019 "started well" and that integration of the WFSS operations that it acquired from Wells Fargo was going well, the analysts stuck to their estimates for fiscal year 2019 revenue growth of 5% and for EBITDA to rise by 10%, as well as their projection for net debt at period end.

Liberum also highlighted Equiniti's ability to keep all of the clients who had come up for renewal and its "encouraging" new client wins, including National Grid, Danske Bank and DWF in the UK.

The broker added that: "Encouragingly, the company continues to make progress with its plans to cross-sell services into the North American market, supporting our forecasts for an acceleration of growth in FY19 relative to the rates achieved in 2H18."

Liberum also believed that the roughly 35% discount that the shares were trading on in terms of their price-to-earnings multiple versus peers Computershare and LINK would unwind over the next 18 months, given Equiniti's increasing diversification and on the back of the successful integration of the EQUS assets.

The broker stood by its 290p target on the shares, estimating that the shares were changing hands on a calendar year 2019 P/E multiple of 11.1 against 17.2 for Computershare and 18.2 for LINK.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Equiniti Group Market Data

Currency UK Pounds
Share Price 203.00p
Change Today -0.20p
% Change -0.10 %
52 Week High 236.20
52 Week Low 186.20
Volume 551,038
Shares Issued 364.54m
Market Cap £740.01m
Beta 1.03

Equiniti Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
63.15% below the market average63.15% below the market average63.15% below the market average63.15% below the market average63.15% below the market average
36.67% below the sector average36.67% below the sector average36.67% below the sector average36.67% below the sector average36.67% below the sector average
Price Trend
46.26% below the market average46.26% below the market average46.26% below the market average46.26% below the market average46.26% below the market average
48.8% below the sector average48.8% below the sector average48.8% below the sector average48.8% below the sector average48.8% below the sector average
Income
7.80% above the market average7.80% above the market average7.80% above the market average7.80% above the market average7.80% above the market average
1.18% above the sector average1.18% above the sector average1.18% above the sector average1.18% above the sector average1.18% above the sector average
Growth
8.94% below the market average8.94% below the market average8.94% below the market average8.94% below the market average8.94% below the market average
11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% 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 11-Dec-2019

Time Volume / Share Price
16:35 276,305 @ 203.00p
16:29 165 @ 203.00p
16:29 1,000 @ 203.00p
16:29 600 @ 202.80p
16:29 143 @ 202.80p

Equiniti Group Key Personnel

CEO Guy Wakeley
CFO John Stier
Chair Philip Yea

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