Xchanging Plc Upgraded by Westhouse Securities to “Buy” (XCH)
Xchanging Plc (LON:XCH) was upgraded by research analysts at Westhouse Securities to a “buy” rating in a report released on Friday. The firm currently has a GBX 214 ($3.63) target price on the stock. Westhouse Securities’ price target would indicate a potential upside of 34.17% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Liberum Capital reiterated a “buy” rating on shares of Xchanging Plc in a research note on Friday, June 13th. They now have a GBX 195 ($3.31) price target on the stock. Separately, analysts at Panmure Gordon reiterated a “buy” rating on shares of Xchanging Plc in a research note on Tuesday, May 13th. They now have a GBX 190 ($3.23) price target on the stock. Finally, analysts at Cantor Fitzgerald Europe reiterated a “hold” rating on shares of Xchanging Plc in a research note on Tuesday, May 13th. They now have a GBX 185 ($3.14) price target on the stock. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of GBX 190.60 ($3.24).
Xchanging Plc (LON:XCH) traded down 1.41% during mid-day trading on Friday, hitting GBX 157.25. 111,823 shares of the company’s stock traded hands. 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 152.8 and a 200-day moving average of GBX 163.4. The company’s market cap is £380.3 million.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.