XPS Pensions Group (LON:XPS) Sets New 1-Year High at $306.60

XPS Pensions Group plc (LON:XPS)’s share price hit a new 52-week high during trading on Monday . The company traded as high as GBX 306.60 ($3.88) and last traded at GBX 306.60 ($3.88), with a volume of 63371 shares. The stock had previously closed at GBX 299.07 ($3.78).

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on XPS shares. Canaccord Genuity Group raised their target price on XPS Pensions Group from GBX 280 ($3.54) to GBX 298 ($3.77) and gave the stock a “buy” rating in a report on Thursday, April 11th. Numis Securities reaffirmed a “buy” rating and issued a GBX 275 ($3.48) target price on shares of XPS Pensions Group in a research note on Thursday, April 11th. Shore Capital reissued a “buy” rating on shares of XPS Pensions Group in a research report on Thursday, April 11th. Finally, Royal Bank of Canada raised their price objective on XPS Pensions Group from GBX 270 ($3.42) to GBX 315 ($3.98) and gave the stock an “outperform” rating in a research note on Tuesday, June 11th.

XPS Pensions Group Price Performance

The company has a current ratio of 1.38, a quick ratio of 1.51 and a debt-to-equity ratio of 58.32. The company has a 50 day simple moving average of GBX 267.58 and a 200 day simple moving average of GBX 240.29. The stock has a market cap of £655.18 million, a P/E ratio of 4,528.57 and a beta of 0.49.

XPS Pensions Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, September 23rd. Shareholders of record on Thursday, August 22nd will be paid a GBX 7 ($0.09) dividend. This is a positive change from XPS Pensions Group’s previous dividend of $3.00. This represents a yield of 2.59%. The ex-dividend date is Thursday, August 22nd. XPS Pensions Group’s payout ratio is presently 12,857.14%.

About XPS Pensions Group

XPS Pensions Group plc, together with its subsidiaries, provides employee benefit consultancy and related business services in the United Kingdom. The company offers advisory services to pension schemes and corporate sponsors; independent investment advisory services; DB and DC master trust schemes; and self-invested personal pension (SIPP) and SSAS pension services.