Xchanging Plc Stock Rating Reaffirmed by Investec (XCH)
Xchanging Plc (LON:XCH)‘s stock had its “buy” rating restated by investment analysts at Investec in a note issued to investors on Thursday. They currently have a GBX 255 ($4.33) price target on the stock. Investec’s price objective would indicate a potential upside of 52.24% from the company’s current price.
Shares of Xchanging Plc (LON:XCH) traded down 4.96% on Thursday, hitting GBX 167.50. The stock had a trading volume of 430,068 shares. Xchanging Plc has a 52 week low of GBX 120.875 and a 52 week high of GBX 189.75. The stock’s 50-day moving average is GBX 163.8 and its 200-day moving average is GBX 165.2. The company’s market cap is £405.8 million.
Several other analysts have also recently commented on the stock. 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 ($3.40) price target on the stock. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of Xchanging Plc in a research note on Monday, July 21st. They now have a GBX 220 ($3.74) price target on the stock. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Xchanging Plc presently has an average rating of “Buy” and an average price target of GBX 197.60 ($3.36).
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.