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

XPS Pensions Group (LON:XPS)‘s stock had its “buy” rating reiterated by research analysts at Canaccord Genuity Group in a research report issued to clients and investors on Thursday, Marketbeat.com reports. They currently have a GBX 401 ($5.03) price objective on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 12.01% from the stock’s previous close.

Separately, Shore Capital reissued a “hold” rating on shares of XPS Pensions Group in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 356.50 ($4.47).

XPS Pensions Group Price Performance

Shares of LON:XPS opened at GBX 358 ($4.49) on Thursday. The company’s fifty day moving average price is GBX 330.14 and its 200 day moving average price is GBX 306.23. XPS Pensions Group has a 12 month low of GBX 194.65 ($2.44) and a 12 month high of GBX 377 ($4.73). The company has a debt-to-equity ratio of 17.51, a current ratio of 1.27 and a quick ratio of 1.51. The firm has a market capitalization of £740.20 million, a P/E ratio of 1,432.00 and a beta of 0.57.

Insider Activity

In other news, insider Snehal Shah sold 66,830 shares of XPS Pensions Group stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of GBX 335 ($4.20), for a total value of £223,880.50 ($280,657.52). Also, insider Alan Bannatyne bought 13,033 shares of the stock in a transaction dated Thursday, November 21st. The stock was purchased at an average cost of GBX 349 ($4.38) per share, for a total transaction of £45,485.17 ($57,020.40). Insiders own 5.14% of the company’s stock.

About XPS Pensions Group

XPS Pensions Group plc, together with its subsidiaries, provides employee benefit consultancy and related business services in the United Kingdom. It offers pension advisory; independent consultancy; DB master trust schemes; and self-invested personal pension (SIPP) and SSAS pension services. The company also provides pension administer services, such as payroll, scheme administration, outsourcing, payroll, scheme accounting, and scam identification and protection services, as well as member communication, de-risking projects, GMP equalization, data audits and cleansing, and trustee secretarial services.