XPS Pensions Group Plc (XPS – Research Report), the Consumer Cyclical sector company, was revisited by a Wall Street analyst today. Analyst Jacob Armstrong from Stifel Nicolaus maintained a Buy rating on the stock and has a p430.00 price target.
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Jacob Armstrong’s rating is based on XPS Pensions Group’s strong market position and positive growth trajectory. The company benefits from high demand driven by regulatory changes and new client acquisitions, which are bolstered by its leading service offerings. This positions the company favorably for continued market share gains.
Armstrong has also increased the earnings estimates for the company due to its robust trading updates and potential for future growth, particularly through additional projects and efficient cost management. XPS’s strong balance sheet and cash generation capabilities provide the company with ample opportunity for value-enhancing acquisitions and dividend payments, further supporting the Buy rating.
In another report released on February 14, RBC Capital also maintained a Buy rating on the stock with a p435.00 price target.