XPS Pensions Group (LON:XPS) Stock Price Passes Below 200 Day Moving Average - Here's Why

Key Points

• XPS Pensions Group shares fell below their 200-day moving average, trading as low as GBX 298 and last changing hands at GBX 302, versus a 200-day average of GBX 311.59.
• Despite the technical weakness, analysts remain bullish: all six analysts rate the stock a Buy, with a consensus price target of GBX 451.50—well above the current price.
• The company reported GBX 13 in quarterly EPS and £262.96 million in revenue, while insiders sold more than 1.1 million shares over the past 90 days.

XPS Pensions Group plc (LON:XPS - Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 311.59 and traded as low as GBX 298. XPS Pensions Group shares last traded at GBX 302, with a volume of 4,126,066 shares traded.

Wall Street Analysts Forecast Growth

XPS has been the subject of a number of analyst reports. 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. Canaccord Genuity Group restated a "buy" rating and set a GBX 469 price objective on shares of XPS Pensions Group in a report on Thursday, September 3rd. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 440 target price on shares of XPS Pensions Group in a research report on Monday, August 3rd. Finally, Royal Bank Of Canada upgraded XPS Pensions Group to an "outperform" rating and increased their target price 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, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of GBX 451.50.

XPS Pensions Group Price Performance

The company's 50-day moving average price is GBX 324.03 and its two-hundred day moving average price is GBX 311.59. The company has a market cap of £613.15 million, a P/E ratio of 24.35 and a beta of 0.34. 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 issued its earnings results on Thursday, June 18th. The company reported GBX 13 earnings per share (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 Transactions at XPS Pensions Group

In other news, 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. Also, insider Snehal Shah sold 113,801 shares of the business's stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of GBX 330, for a total value of £375,543.30. In the last 90 days, insiders sold 1,110,388 shares of company stock worth $373,250,270. 1.03% of the stock is currently owned by corporate 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.

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