Xchanging Plc PT Raised to GBX 255 at Investec (XCH)
Analysts at Investec raised their price objective on shares of Xchanging Plc (LON:XCH) from GBX 210 ($3.58) to GBX 255 ($4.34) in a research report issued to clients and investors on Friday. The firm currently has a “buy” rating on the stock. Investec’s price objective would suggest a potential upside of 63.20% from the company’s current price.
Xchanging Plc (LON:XCH) opened at 170.00 on Friday. Xchanging Plc has a 1-year low of GBX 121.00 and a 1-year high of GBX 189.75. The stock’s 50-day moving average is GBX 150.3 and its 200-day moving average is GBX 163.1. The company’s market cap is £411.1 million.
A number of other analysts have also recently weighed in on XCH. Analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of Xchanging Plc in a research note on Thursday. They now have a GBX 200 ($3.41) price target on the stock. Separately, analysts at Westhouse Securities upgraded shares of Xchanging Plc to a “buy” rating in a research note on Friday, June 20th. They now have a GBX 214 ($3.65) price target on the stock. Finally, 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 ($3.32) price target on the stock. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of GBX 195.10 ($3.32).
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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