Xchanging Plc Receives Consensus Recommendation of “Buy” from Analysts (LON:XCH)
Xchanging Plc (LON:XCH) has received a consensus rating of “Buy” from the nine analysts that are presently covering the company, StockRatingsNetwork reports. Two research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is GBX 188 ($3.17).
Shares of Xchanging Plc (LON:XCH) traded down 1.72% during mid-day trading on Tuesday, hitting GBX 157.00. The stock had a trading volume of 44,821 shares. Xchanging Plc has a 52-week low of GBX 121.00 and a 52-week high of GBX 189.75. The stock has a 50-day moving average of GBX 162.3 and a 200-day moving average of GBX 160.3. The company’s market cap is £379.7 million.
A number of research firms have recently commented on XCH. Analysts at Panmure Gordon reiterated a “buy” rating on shares of Xchanging Plc in a research note on Tuesday. They now have a GBX 190 ($3.20) price target on the stock. Separately, analysts at Cantor Fitzgerald Europe reiterated a “hold” rating on shares of Xchanging Plc in a research note on Tuesday. They now have a GBX 185 ($3.12) price target on the stock. Finally, analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of Xchanging Plc in a research note on Tuesday. They now have a GBX 200 ($3.37) price target on the stock.
Xchanging plc is a holding company. The Company operates in five segments: Insurance Services, provides technology infrastructure and managed services to the insurance market; Financial Services, provides banking, securities processing and investment account administration and fund administration in Germany and Italy; Technology, provides technology infrastructure and managed services insurance software and application management services to a range of customers; Procurement and Other BPO, provides procurement, HR, finance and accounting and other business processing services, and Corporate, provides the infrastructure, resources and investment to sustain and grow the Group, including performance management, and business management functions.
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