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

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

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

XPS Pensions Group Price Performance

Shares of XPS traded up GBX 9.50 during midday trading on Thursday, reaching GBX 343.50. The stock had a trading volume of 1,120,793 shares, compared to its average volume of 2,026,789. The company’s 50-day moving average is GBX 312.07 and its 200 day moving average is GBX 312.38. XPS Pensions Group has a 12-month low of GBX 275 and a 12-month high of GBX 368.50. The company has a current ratio of 1.67, a quick ratio of 1.51 and a debt-to-equity ratio of 44.65. The company has a market capitalization of £697.41 million, a price-to-earnings ratio of 27.70 and a beta of 0.35.

Insider Buying and Selling

In other XPS Pensions Group news, insider Paul Cuff sold 319,195 shares of XPS Pensions Group stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of GBX 340, for a total value of £1,085,263. Also, insider Ben Bramhall sold 302,077 shares of XPS Pensions Group stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of GBX 340, for a total value of £1,027,061.80. In the last 90 days, insiders sold 1,110,388 shares of company stock worth $373,250,270. Insiders own 1.03% of the company’s stock.

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.