Canaccord Genuity Group Reiterates Buy Rating for XPS Pensions Group (LON:XPS)

XPS Pensions Group (LON:XPS)‘s stock had its “buy” rating reiterated by equities researchers at Canaccord Genuity Group in a note issued to investors on Thursday, London Stock Exchange reports. They presently have a GBX 469 target price on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 52.77% from the stock’s previous close.

Several other analysts have also commented on XPS. Royal Bank Of Canada upgraded shares of XPS Pensions Group to an “outperform” rating and raised their price objective for the stock from GBX 430 to GBX 435 in a report on Wednesday, July 29th. Berenberg Bank restated a “buy” rating and issued a GBX 440 target price on shares of XPS Pensions Group in a research note on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 485 price target on shares of XPS Pensions Group in a research note on Thursday, June 11th. Six research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 451.50.

XPS Pensions Group Price Performance

Shares of LON XPS opened at GBX 307 on Thursday. The firm has a fifty day simple moving average of GBX 324.01 and a two-hundred day simple moving average of GBX 311.71. 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 market capitalization of £623.30 million, a PE ratio of 24.76 and a beta of 0.35.

XPS Pensions Group (LON:XPS) last announced its earnings results on Thursday, June 18th. The company reported GBX 13 earnings per share for the quarter. The firm had revenue of £262.96 million for the quarter. XPS Pensions Group had a net margin of 10.11% and a return on equity of 15.48%.

Insider Buying and Selling

In related news, insider Ben Bramhall sold 302,077 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 £1,027,061.80. Also, insider Snehal Shah sold 113,801 shares of the firm’s stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of GBX 330, for a total transaction of £375,543.30. Insiders sold 1,110,388 shares of company stock worth $373,250,270 in the last 90 days. 1.31% of the stock is owned by company insiders.

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.