XPS Pensions Group’s (XPS) “Buy” Rating Reaffirmed at Berenberg Bank

XPS Pensions Group (LON:XPS)‘s stock had its “buy” rating reissued by research analysts at Berenberg Bank in a research note issued on Friday, Digital Look reports. They currently have a GBX 440 price target on the stock. Berenberg Bank’s target price points to a potential upside of 28.09% from the stock’s previous close.

XPS has been the topic of a number of other research reports. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 469 price target on shares of XPS Pensions Group in a report on Thursday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 485 price objective on shares of XPS Pensions Group in a report on Tuesday, October 6th. Finally, Royal Bank Of Canada raised XPS Pensions Group to an “outperform” rating and increased their target price for the stock from GBX 430 to GBX 435 in a research report on Wednesday, July 29th. Six research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, XPS Pensions Group currently has a consensus rating of “Buy” and an average price target of GBX 451.50.

XPS Pensions Group Stock Performance

Shares of XPS stock opened at GBX 343.50 on Friday. XPS Pensions Group has a one year low of GBX 275 and a one year high of GBX 368.50. The company has a debt-to-equity ratio of 44.65, a quick ratio of 1.51 and a current ratio of 1.67. The company has a 50 day moving average price of GBX 312.07 and a 200 day moving average price of GBX 312.62. The firm has a market capitalization of £697.41 million, a price-to-earnings ratio of 27.70 and a beta of 0.35.

Insider Activity at XPS Pensions Group

In other XPS Pensions Group news, 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 transaction of £375,543.30. Also, insider Paul Cuff sold 319,195 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of GBX 340, for a total transaction of £1,085,263. Over the last quarter, insiders have sold 1,110,388 shares of company stock worth $373,250,270. Company insiders own 1.03% of the company’s stock.

Key Stories Impacting XPS Pensions Group

Here are the key news stories impacting XPS Pensions Group this week:

• Positive Sentiment: Revenue growth and upgraded outlook: XPS reported 12% first-half revenue growth and said full-year results are expected to be slightly ahead of previous expectations. The performance reflects continued demand across its pensions advisory and administration businesses, improving confidence in earnings momentum. XPS raises full-year expectations as revenue grows 12%
• Positive Sentiment: Positive broker views: Berenberg reaffirmed its “buy” rating and set a GBX 440 price target, while Canaccord Genuity also maintained a “buy” recommendation with a GBX 469 target. The targets imply substantial potential upside from recent trading levels and reinforce the bullish interpretation of XPS’s results. Berenberg rating update
• Positive Sentiment: Market reaction confirms results were well received: Multiple reports characterized the shares as gaining or jumping following the strong first-half update, suggesting investors view the revenue performance and raised expectations as evidence that XPS is executing ahead of plan. XPS Pensions shares jump following strong first-half revenue growth
• Neutral Sentiment: Sector policy backdrop: A pensions-industry update noted that the new UK prime minister is turning attention toward pensions. This could create opportunities or regulatory risks for advisers such as XPS, but the immediate company-specific update was overwhelmingly focused on operating performance. Quarterly Pensions Watch

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.