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

Key Points

• XPS Pensions Group shares fell below their 200-day moving average on Thursday, trading as low as GBX 301.50 before last changing hands at GBX 307.
• Despite the dip, analysts remain bullish: six analysts rate the stock a Buy, with an average price target of GBX 456.50.
• The company is a UK pensions and insurance consulting business with a market cap of £623.62 million and a relatively low beta of 0.34, indicating lower volatility than the broader market.

XPS Pensions Group plc (LON:XPS - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 326.69 and traded as low as GBX 301.50. XPS Pensions Group shares last traded at GBX 307, with a volume of 35,188,438 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Berenberg Bank reiterated a "buy" rating and issued a GBX 440 price target on shares of XPS Pensions Group in a report on Wednesday, April 22nd. Canaccord Genuity Group restated a "buy" rating and set a GBX 469 price objective on shares of XPS Pensions Group in a report on Tuesday, April 21st. Stifel Nicolaus reiterated a "buy" rating and issued a GBX 460 target price on shares of XPS Pensions Group in a research note on Tuesday, April 21st. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 485 target price on shares of XPS Pensions Group in a research report on Wednesday, April 22nd. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of GBX 456.50.

XPS Pensions Group Price Performance

The company has a debt-to-equity ratio of 53.02, a quick ratio of 1.51 and a current ratio of 1.77. The firm has a market capitalization of £623.62 million, a P/E ratio of 25.63 and a beta of 0.34. The stock's 50 day simple moving average is GBX 302.64 and its 200 day simple moving average is GBX 326.69.

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.

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