Xchanging Plc Rating Reiterated by Liberum Capital (XCH)
Xchanging Plc (LON:XCH)‘s stock had its “buy” rating reaffirmed by Liberum Capital in a research note issued on Monday. They currently have a GBX 220 ($3.76) target price on the stock. Liberum Capital’s price target points to a potential upside of 29.03% from the company’s current price.
Xchanging Plc (LON:XCH) traded down 0.73% during mid-day trading on Monday, hitting GBX 170.50. 117,378 shares of the company’s stock traded hands. 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 157.7 and its 200-day moving average is GBX 164.4. The company’s market cap is £412.3 million.
XCH has been the subject of a number of other recent research reports. Analysts at Investec raised their price target on shares of Xchanging Plc from GBX 210 ($3.59) to GBX 255 ($4.36) in a research note on Friday, July 4th. They now have a “buy” rating on the stock. Separately, analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of Xchanging Plc in a research note on Thursday, July 3rd. They now have a GBX 200 ($3.42) price target on the stock. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Xchanging Plc presently has a consensus rating of “Buy” and an average target price of GBX 197.60 ($3.38).
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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