XPS Pensions Group (LON:XPS) Earns Buy Rating from Canaccord Genuity Group

XPS Pensions Group (LON:XPS)‘s stock had its “buy” rating reissued by Canaccord Genuity Group in a note issued to investors on Thursday, Digital Look reports. They presently have a GBX 469 price target on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 36.73% from the company’s previous close.

A number of other brokerages also recently issued reports on XPS. Berenberg Bank reiterated a “buy” rating and set a GBX 440 price target on shares of XPS Pensions Group in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 485 target price on shares of XPS Pensions Group in a research note on Tuesday, October 6th. Finally, 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 report on Wednesday, July 29th. Six analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, XPS Pensions Group presently has a consensus rating of “Buy” and an average price target of GBX 451.50.

XPS Pensions Group Price Performance

XPS Pensions Group stock traded down GBX 0.50 during midday trading on Thursday, hitting GBX 343. 553,954 shares of the company’s stock were exchanged, compared to its average volume of 2,019,498. The company has a market cap of £696.39 million, a P/E ratio of 27.66 and a beta of 0.35. The company has a debt-to-equity ratio of 44.65, a quick ratio of 1.51 and a current ratio of 1.67. The stock has a 50-day moving average price of GBX 312.11 and a two-hundred day moving average price of GBX 312.98. XPS Pensions Group has a 52-week low of GBX 275 and a 52-week high of GBX 368.50.

Insider Buying and Selling at XPS Pensions Group

In other news, insider Paul Cuff sold 319,195 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of GBX 340, for a total transaction of £1,085,263. Also, insider Snehal Shah sold 26,879 shares of the 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. Insiders have sold 1,110,388 shares of company stock worth $373,250,270 over the last 90 days. Corporate insiders own 1.03% of the company’s stock.

About XPS Pensions Group

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.