XPS Pensions Group (LON:XPS) Earns Buy Rating from Analysts at Berenberg Bank

Key Points

• Berenberg Bank has initiated coverage on XPS Pensions Group, giving a "buy" rating and setting a price target of GBX 440, which suggests a potential upside of 23.04%.
• The Royal Bank of Canada also reaffirmed an "outperform" rating for the stock with a price objective of GBX 465, contributing to a consensus rating of "Moderate Buy" among analysts.
• Recent insider trading activity included the sale of 181,117 shares each by insiders Ben Bramhall and Paul Cuff at an average price of GBX 380.

Berenberg Bank started coverage on shares of XPS Pensions Group (LON:XPS - Get Free Report) in a report released on Tuesday, MarketBeat Ratings reports. The firm set a "buy" rating and a GBX 440 price target on the stock. Berenberg Bank's price objective indicates a potential upside of 29.79% from the stock's previous close.

Separately, Royal Bank Of Canada restated an "outperform" rating and issued a GBX 465 price objective on shares of XPS Pensions Group in a research note on Wednesday, July 2nd. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of GBX 435.20.

XPS Pensions Group Stock Down 1.3%

Shares of XPS stock traded down GBX 4.50 during trading on Tuesday, hitting GBX 339. 1,437,124 shares of the company were exchanged, compared to its average volume of 1,060,821. The company has a debt-to-equity ratio of 17.52, a quick ratio of 1.51 and a current ratio of 1.27. The firm has a market capitalization of £687.15 million, a price-to-earnings ratio of 2,456.52 and a beta of 0.57. The business's 50-day simple moving average is GBX 365.23 and its 200 day simple moving average is GBX 375.09. XPS Pensions Group has a twelve month low of GBX 282 and a twelve month high of GBX 426.

XPS Pensions Group (LON:XPS - Get Free Report) last posted its quarterly earnings results on Thursday, June 19th. The company reported GBX 21.90 EPS for the quarter. XPS Pensions Group had a net margin of 128.13% and a return on equity of 156.24%.

Insider Buying and Selling

In related news, insider Ben Bramhall sold 181,117 shares of the business's stock in a transaction on Thursday, July 10th. The shares were sold at an average price of GBX 380, for a total transaction of £688,244.60. Also, insider Snehal Shah sold 127,488 shares of the business's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of GBX 380, for a total transaction of £484,454.40. Over the last quarter, insiders have sold 733,394 shares of company stock valued at $278,202,376. 1.14% of the stock is owned by company insiders.

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.