XPS Pensions Group (LON:XPS) Stock Keeps Buy Rating at Canaccord Genuity Group

XPS Pensions Group (LON:XPS)‘s stock had its “buy” rating reaffirmed by investment analysts at Canaccord Genuity Group in a research note issued on Thursday, Digital Look reports. They currently have a GBX 469 price target on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 36.54% from the company’s current price.

Several other brokerages also recently issued reports on XPS. Royal Bank Of Canada raised 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. Berenberg Bank restated a “buy” rating and issued a GBX 440 price target on shares of XPS Pensions Group in a research note on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 485 price target on shares of XPS Pensions Group in a research note on Tuesday, October 6th. Six analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 451.50.

XPS Pensions Group Price Performance

Shares of XPS Pensions Group stock traded up GBX 9.50 during trading hours on Thursday, hitting GBX 343.50. The company’s stock had a trading volume of 1,120,793 shares, compared to its average volume of 2,026,789. The company has a market cap of £697.41 million, a PE ratio of 27.70 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 business has a 50 day moving average price of GBX 312.07 and a two-hundred day moving average price of GBX 312.62. XPS Pensions Group has a 12-month low of GBX 275 and a 12-month high of GBX 368.50.

Insider Activity at XPS Pensions Group

In other XPS Pensions Group news, insider Paul Cuff sold 319,195 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of GBX 340, for a total transaction of £1,085,263. Also, insider Ben Bramhall sold 302,077 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of GBX 340, for a total value of £1,027,061.80. Insiders have sold 1,110,388 shares of company stock worth $373,250,270 in the last quarter. 1.03% of the stock is owned by company insiders.

XPS Pensions Group News Summary

Here are the key news stories impacting XPS Pensions Group this week:

• Positive Sentiment: Revenue growth and upgraded outlook: XPS reported 12% first-half revenue growth and said full-year results are expected to be slightly ahead of previous expectations. The performance reflects continued demand across its pensions advisory and administration businesses, improving confidence in earnings momentum. XPS raises full-year expectations as revenue grows 12%
• Positive Sentiment: Positive broker views: Berenberg reaffirmed its “buy” rating and set a GBX 440 price target, while Canaccord Genuity also maintained a “buy” recommendation with a GBX 469 target. The targets imply substantial potential upside from recent trading levels and reinforce the bullish interpretation of XPS’s results. Berenberg rating update
• Positive Sentiment: Market reaction confirms results were well received: Multiple reports characterized the shares as gaining or jumping following the strong first-half update, suggesting investors view the revenue performance and raised expectations as evidence that XPS is executing ahead of plan. XPS Pensions shares jump following strong first-half revenue growth
• Neutral Sentiment: Sector policy backdrop: A pensions-industry update noted that the new UK prime minister is turning attention toward pensions. This could create opportunities or regulatory risks for advisers such as XPS, but the immediate company-specific update was overwhelmingly focused on operating performance. Quarterly Pensions Watch

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.