XPS Pensions Group (LON:XPS) Earns "Buy" Rating from Canaccord Genuity Group

Key Points

• Canaccord Genuity reiterated a “Buy” rating on XPS Pensions Group and set a GBX 469 price target, implying 52.77% potential upside from the GBX 307 opening price.
• Analyst sentiment is broadly positive: all six analysts rate the stock a Buy, with a consensus target price of GBX 451.50.
• XPS reported quarterly EPS of GBX 13 on revenue of £262.96 million, while insiders sold more than 1.1 million shares over the past 90 days.

XPS Pensions Group (LON:XPS - Get Free Report)'s stock had its "buy" rating reiterated by equities research analysts at Canaccord Genuity Group in a research report issued on Thursday, London Stock Exchange reports. They presently have a GBX 469 price target on the stock. Canaccord Genuity Group's price objective points to a potential upside of 52.77% from the stock's current price.

Other equities research analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 485 price target on shares of XPS Pensions Group in a report on Thursday, June 11th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 440 price target on shares of XPS Pensions Group in a research note on Monday, August 3rd. Finally, Royal Bank Of Canada raised shares of XPS Pensions Group to an "outperform" rating and upped their price objective for the company from GBX 430 to GBX 435 in a research note on Wednesday, July 29th. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus 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 stock 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 1-year low of GBX 275 and a 1-year high of GBX 368.50. The firm has a market cap of £623.30 million, a price-to-earnings ratio of 24.76 and a beta of 0.35. The company has a current ratio of 1.67, a quick ratio of 1.51 and a debt-to-equity ratio of 44.65.

XPS Pensions Group (LON:XPS - Get Free Report) last released its quarterly earnings data on Thursday, June 18th. The company reported GBX 13 EPS for the quarter. The business 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 Activity

In other news, insider Snehal Shah sold 113,801 shares of the company'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. Also, 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 transaction of £1,085,263. Insiders have sold a total of 1,110,388 shares of company stock worth $373,250,270 over the last ninety days. 1.31% of the stock is owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source