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

Canaccord Genuity Group reiterated their buy rating on shares of XPS Pensions Group (LON:XPS) in a report published on Wednesday morning, Marketbeat reports. They currently have a GBX 435 ($5.76) target price on the stock.

Separately, Shore Capital reaffirmed a “hold” rating on shares of XPS Pensions Group in a report on Wednesday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 396.50 ($5.25).

XPS Pensions Group Stock Performance

LON XPS opened at GBX 376 ($4.98) on Wednesday. XPS Pensions Group has a 1-year low of GBX 241 ($3.19) and a 1-year high of GBX 414 ($5.48). The company has a 50 day moving average of GBX 372.47 and a 200-day moving average of GBX 351.67. The company has a current ratio of 1.27, a quick ratio of 1.51 and a debt-to-equity ratio of 17.52. The firm has a market cap of £776.43 million, a price-to-earnings ratio of 3.02 and a beta of 0.57.

XPS Pensions Group Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, February 7th. Stockholders of record on Thursday, January 9th were given a dividend of GBX 3.70 ($0.05) per share. The ex-dividend date of this dividend was Thursday, January 9th. This represents a dividend yield of 1.03%. XPS Pensions Group’s payout ratio is 8.03%.

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 1,400 pension schemes and their sponsoring employers on an ongoing and project basis.