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

Canaccord Genuity Group reaffirmed their buy rating on shares of XPS Pensions Group (LON:XPS) in a research report report published on Thursday morning,Digital Look reports. Canaccord Genuity Group currently has a GBX 469 price objective on the stock.

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

XPS Pensions Group Stock Up 2.8%

Shares of XPS opened at GBX 343.50 on Thursday. The firm has a market capitalization of £697.41 million, a P/E ratio of 27.70 and a beta of 0.35. 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 firm has a fifty day moving average price of GBX 312.07 and a 200-day moving average price of GBX 312.38.

Insider Buying and Selling at XPS Pensions Group

In related news, insider Paul Cuff sold 319,195 shares of the company’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 £1,085,263. Also, insider Snehal Shah sold 26,879 shares of the stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of GBX 340, for a total transaction of £91,388.60. Insiders sold 1,110,388 shares of company stock valued at $373,250,270 in the last ninety days. 1.03% of the stock is owned by insiders.

Key Headlines Impacting XPS Pensions Group

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

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.