XPS Pensions Group (LON:XPS) Shares Cross Below 200 Day Moving Average – Here’s Why

XPS Pensions Group plc (LON:XPS)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 337.06 and traded as low as GBX 296.91. XPS Pensions Group shares last traded at GBX 299.50, with a volume of 1,366,725 shares.

Wall Street Analysts Forecast Growth

XPS has been the topic of several research analyst reports. Canaccord Genuity Group increased their price target on XPS Pensions Group from GBX 459 to GBX 469 and gave the company a “buy” rating in a report on Thursday, November 20th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 465 price objective on shares of XPS Pensions Group in a research report on Monday, November 24th. Finally, Shore Capital Group reiterated a “buy” rating and issued a GBX 420 price target on shares of XPS Pensions Group in a report on Thursday, November 20th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, XPS Pensions Group has an average rating of “Buy” and an average target price of GBX 448.50.

XPS Pensions Group Stock Performance

The company has a current ratio of 1.77, a quick ratio of 1.51 and a debt-to-equity ratio of 53.02. The stock has a market cap of £614.42 million, a PE ratio of 25.25 and a beta of 0.29. The business’s 50-day moving average price is GBX 326.62 and its 200-day moving average price is GBX 336.48.

Insider Buying and Selling

In other news, insider Snehal Shah sold 50,000 shares of the firm’s stock in a transaction dated Friday, January 16th. The stock was sold at an average price of GBX 352, for a total transaction of £176,000. Corporate insiders own 1.11% 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. 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 86 with assets over £1bn.