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  3. EQN.L Share Price
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  5. Liberum stays at 'buy' on Equiniti, hails 'momentum' in business

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

Thu, 02nd May 2019 15:53

(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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27 Jul 2018 16:59

LONDON MARKET CLOSE: FTSE 100 Ends Week Higher As US Growth Surges

LONDON (Alliance News) - Stocks in London finished the day higher on Friday as the US economy registered sharp growth in the second quarter, though marginally below expectations, while there were a a

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27 Jul 2018 11:56

LONDON MARKET MIDDAY: Earnings Boost Stocks As Focus Turns To US GDP

LONDON (Alliance News) - Stocks in London were higher at midday on Friday with the FTSE 100 driven by well-received earnings from Reckitt Benckiser, BT, and as well

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27 Jul 2018 10:28

WINNERS & LOSERS SUMMARY: Reckitt Rises After Lifting Revenue Target

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - WINNERS----------Reckitt up The

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27 Jul 2018 08:34

TOP NEWS: Equiniti Interim Profit Halves Despite 30% Revenue Jump

LONDON (Alliance News) - Equiniti Group PLC said Friday that its profit for first half more than halved despite a sharp increase in revenue.Equiniti shares were trading up 8.2% at 225.50p a

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27 Jul 2018 08:22

Equiniti says first half was strongest period ever

(Sharecast News) - Equiniti Group, the provider of corporate governance and shareholder administration services, published a its strongest reporting period yet for the first half of 2018, with double-digit revenue and underlying EBITDA growth, ahead of expectations.

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20 Jul 2018 15:50

UK Earnings, Trading Statements Calendar - Next 7 Days

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3 May 2018 17:27

DIRECTOR DEALINGS: Equiniti CEO And Board Members Buy And Sell Shares

LONDON (Alliance News) - Public sector services manager Equiniti Group PLC announced on Thursday that four of its board members bought or sold shares.Equiniti Chief Executive Officer Guy a

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26 Apr 2018 16:30

UK Earnings, Trading Statements Calendar - Next 7 Days

Friday 27 April Royal Bank of ScotlandQ1 ResultsComputacenterTrading Nash Year Year Year

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26 Apr 2018 16:27

UK Shareholder Meetings Calendar - Next 7 Days

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19 Mar 2018 16:32

Woodford Investment Cuts Stake In Equiniti To Below Notifiable Level (ALLISS)

LONDON (Alliance News) - Equiniti Group PLC said on Monday Woodford Investment Management Ltd reduced its interest in the company in a transaction last Friday.Woodford

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7 Mar 2018 12:00

CORRECT: Equiniti Profit Lower Amid Costs Despite Revenue Growth

(Clarifying the impact of Eqiniti's Wells Fargo Shareowner Services acquisition on its 2017 dividend per share.)LONDON (Alliance News) - Equiniti Group PLC its to a

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7 Mar 2018 10:27

Equiniti Payout Follows Profit Lower Amid Costs Despite Revenue Growth

LONDON (Alliance News) - Equiniti Group PLC reduced its dividend Wednesday in line with its policy, after profit fell in 2017 on higher costs despite revenue growing amid a to

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5 Mar 2018 13:08

Equiniti Makes Ex-Aviva Executive Burns Non-Executive As Jarman Leaves

LONDON (Alliance News) - Equiniti Group PLC said Monday that Alison Burns has been appointed non-executive director of the technology outsourcer from the start of April after

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18 Jan 2017 10:39

Equiniti Buys UK Data Analytics And Loan Brokerage Firms

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2 Aug 2016 09:39

WINNERS & LOSERS SUMMARY: Direct Line Up After Outpacing Expectations

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