Equiniti (EQN.L) has dropped from highs of 230.4p. Will it continue, or could you pick up a bargain?

• Now trading at 139.62p (at time of writing). A return to period highs would mean a rise of 65%.
• This shares are amongst the most significant fallers in the period.
• Markets constantly over-react to adverse news. Traders should consider whether the fall is reasonable, or is this another over-reaction?
• Bargain hunters should be mindful of the underlying fundamentals.
• Shares -40% from 12-month highs; +1% from 12 month lows.

Latest News

16 Apr:  Liberum Capital reiterates its buy rating on Equiniti Group Plc (EQN) and reduced the target price to 200p (from 265p).

15 Apr:  Goldman Sachs reiterates its buy rating on Equiniti Group Plc (EQN) and reduced the target price to 260p (from 300p).

15 Apr:  Equiniti, the services and payments company,  withdrew its dividend and performance expectations, citing the consequences of the Covid-19 crisis.

17 Mar:  Equiniti said Philip Yea, chairman, would take up a role as chairman of Mondi after the AGM in May.

17 Mar:  Liberum Capital reiterates its buy rating on Equiniti Group Plc (EQN) and reduced the target price to 265p (from 275p).

12 Mar:  Equiniti posted an increase in earnings as new acquisitions were the driver of growth, regardless of a global downturn in corporate activity within H2.

12 Mar:  Liberum Capital reiterates its buy rating on Equiniti Group Plc (EQN) and reduced the target price to 275p (from 290p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

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