XPS Pensions Group (LON:XPS) Stock Rating Reaffirmed as Buy by Canaccord Genuity Group

XPS Pensions Group (LON:XPS)‘s stock had its “buy” rating restated by stock analysts at Canaccord Genuity Group in a report released on Thursday, October 15th, Digital Look reports. They presently have a GBX 469 price objective on the stock. Canaccord Genuity Group‘s price objective would suggest a potential upside of 38.96% from the company’s current price.

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

XPS Pensions Group Stock Performance

Shares of XPS traded down GBX 1.50 during midday trading on Thursday, reaching GBX 337.50. 397,913 shares of the stock were exchanged, compared to its average volume of 1,995,509. The business’s 50-day moving average price is GBX 312.53 and its 200 day moving average price is GBX 313.61. The company has a debt-to-equity ratio of 44.65, a current ratio of 1.67 and a quick ratio of 1.51. XPS Pensions Group has a twelve month low of GBX 275 and a twelve month high of GBX 368.50. The company has a market capitalization of £685.23 million, a price-to-earnings ratio of 27.22 and a beta of 0.35.

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 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 stock in a transaction dated Friday, August 7th. The stock was sold at an average price of GBX 340, for a total transaction of £1,027,061.80. Over the last three months, insiders have sold 682,223 shares of company stock worth $231,955,820. 1.03% of the stock is owned by company insiders.

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.