Canaccord Genuity Group Reaffirms “Buy” Rating for XPS Pensions Group (LON:XPS)

XPS Pensions Group (LON:XPS)‘s stock had its “buy” rating restated by Canaccord Genuity Group in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. They presently have a GBX 459 price objective on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 34.80% from the stock’s previous close.

Several other analysts also recently weighed in on XPS. Shore Capital reaffirmed a “buy” rating and issued a GBX 420 target price on shares of XPS Pensions Group in a report on Thursday, October 16th. Berenberg Bank began coverage on shares of XPS Pensions Group in a report on Tuesday, September 9th. They issued a “buy” rating and a GBX 440 target price on the stock. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 465 target price on shares of XPS Pensions Group in a report on Wednesday, July 2nd. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat, XPS Pensions Group presently has an average rating of “Buy” and an average target price of GBX 436.67.

XPS Pensions Group Stock Down 0.3%

Shares of LON:XPS opened at GBX 340.50 on Wednesday. The company has a market cap of £690.19 million, a price-to-earnings ratio of 24.67 and a beta of 0.57. The firm’s 50-day simple moving average is GBX 343.61 and its 200-day simple moving average is GBX 368.88. The company has a quick ratio of 1.51, a current ratio of 1.27 and a debt-to-equity ratio of 17.52. XPS Pensions Group has a fifty-two week low of GBX 310 and a fifty-two week high of GBX 426.

Insider Buying and Selling

In related news, insider Martin Sutherland acquired 11,658 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were purchased at an average price of GBX 335 per share, with a total value of £39,054.30. Corporate insiders own 1.14% of the company’s stock.

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.