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

XPS Pensions Group (LON:XPS)‘s stock had its “buy” rating reiterated by equities researchers 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 price objective suggests a potential upside of 36.54% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 485 target price on shares of XPS Pensions Group in a report on Tuesday, October 6th. Royal Bank Of Canada upgraded XPS Pensions Group to an “outperform” rating and boosted their price target for the company from GBX 430 to GBX 435 in a report on Wednesday, July 29th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 440 price objective on shares of XPS Pensions Group in a research report on Monday, August 3rd. Six analysts have rated the stock with a Buy rating. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 451.50.

XPS Pensions Group Stock Up 2.8%

Shares of LON:XPS traded up GBX 9.50 during midday trading on Thursday, reaching GBX 343.50. 1,120,793 shares of the company were exchanged, compared to its average volume of 2,026,789. The firm has a market cap of £697.41 million, a PE ratio of 27.70 and a beta of 0.35. XPS Pensions Group has a fifty-two week low of GBX 275 and a fifty-two week high of GBX 368.50. The stock has a fifty day simple moving average of GBX 312.07 and a two-hundred day simple moving average of GBX 312.62. The company has a quick ratio of 1.51, a current ratio of 1.67 and a debt-to-equity ratio of 44.65.

Insider Buying and Selling at XPS Pensions Group

In related news, insider Ben Bramhall sold 302,077 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of GBX 340, for a total transaction of £1,027,061.80. Also, insider Michelle Cracknell bought 5,979 shares of the firm’s stock in a transaction that occurred on Monday, July 20th. The stock was acquired at an average cost of GBX 333 per share, with a total value of £19,910.07. Insiders have sold 1,110,388 shares of company stock valued at $373,250,270 over the last ninety days. 1.03% of the stock is currently owned by company insiders.

More XPS Pensions Group News

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.