XPS Pensions Group (LON:XPS) Share Price Passes Below 200 Day Moving Average – Here’s Why

Shares of XPS Pensions Group plc (LON:XPS) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 311.31 and traded as low as GBX 301.50. XPS Pensions Group shares last traded at GBX 303.50, with a volume of 609,664 shares changing hands.

Analysts Set New Price Targets

XPS has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 485 price objective on shares of XPS Pensions Group in a research report on Thursday, June 11th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 440 price target on shares of XPS Pensions Group in a report on Monday, August 3rd. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 469 price target on shares of XPS Pensions Group in a research report on Thursday, September 3rd. Finally, Royal Bank Of Canada raised XPS Pensions Group to an “outperform” rating and boosted their price objective for the stock from GBX 430 to GBX 435 in a research note on Wednesday, July 29th. Six analysts have rated the stock with a Buy rating, According to MarketBeat, XPS Pensions Group presently has a consensus rating of “Buy” and an average target price of GBX 451.50.

XPS Pensions Group Stock Down 0.2%

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’s fifty day moving average price is GBX 322.19 and its 200-day moving average price is GBX 311.31. The stock has a market cap of £616.20 million, a P/E ratio of 24.48 and a beta of 0.34.

XPS Pensions Group (LON:XPS) last issued its quarterly earnings results on Thursday, June 18th. The company reported GBX 13 EPS for the quarter. XPS Pensions Group had a net margin of 10.11% and a return on equity of 15.48%. The company had revenue of £262.96 million for the quarter.

Insiders Place Their Bets

In other news, insider Paul Cuff sold 319,195 shares of the company’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. Also, insider Snehal Shah sold 113,801 shares of the stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of GBX 330, for a total value of £375,543.30. Insiders have sold 1,110,388 shares of company stock worth $373,250,270 over the last three months. 1.03% of the stock is currently owned by corporate 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. 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.