XPS Pensions Group’s (XPS) Buy Rating Reiterated at Canaccord Genuity Group

XPS Pensions Group (LON:XPS)‘s stock had its “buy” rating reaffirmed by equities research analysts at Canaccord Genuity Group in a research report issued to clients and investors on Thursday, Digital Look reports. They presently have a GBX 469 target price on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 38.35% from the company’s previous close.

Several other research firms have also weighed in on XPS. Berenberg Bank reaffirmed a “buy” rating and set a GBX 440 price objective on shares of XPS Pensions Group in a report on Monday, August 3rd. Royal Bank Of Canada upgraded shares of XPS Pensions Group to an “outperform” rating and lifted their target price for the company from GBX 430 to GBX 435 in a research note on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 485 target price on shares of XPS Pensions Group in a report on Tuesday, October 6th. Six investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 451.50.

XPS Pensions Group Price Performance

LON:XPS opened at GBX 339 on Thursday. The firm has a market cap of £688.27 million, a PE ratio of 27.34 and a beta of 0.35. XPS Pensions Group has a 12 month low of GBX 275 and a 12 month high of GBX 368.50. The company has a quick ratio of 1.51, a current ratio of 1.67 and a debt-to-equity ratio of 44.65. The company’s 50-day moving average price is GBX 312.11 and its two-hundred day moving average price is GBX 312.98.

Insider Transactions at XPS Pensions Group

In related news, insider Ben Bramhall sold 302,077 shares of XPS Pensions Group stock in a transaction dated Friday, August 7th. The stock was sold at an average price of GBX 340, for a total value of £1,027,061.80. Also, insider Snehal Shah sold 26,879 shares of XPS Pensions Group stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of GBX 340, for a total value of £91,388.60. Over the last quarter, insiders have sold 1,110,388 shares of company stock worth $373,250,270. Insiders own 1.03% of the company’s stock.

XPS Pensions Group Company Profile

XPS Group is a leading UK consulting and administration business specialising in the pensions and insurance sectors. A FTSE 250 company, XPS combines expertise and insight with advanced technology and analytics to address the needs of over 1,300 pension schemes and their sponsoring employers on an ongoing and project basis. We undertake pensions administration for over one million members and provide advisory services to schemes and corporate sponsors in respect of schemes of all sizes, including 83 with assets over £1bn.