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Jul 7 2026, 07:05 IST/BST
XPS Group
Modest forecast upgrades; reiterate ‘Outperform’ with revised price target
- Sectors : Business Consultancy Services
- Companies : XPS Group
DAVY VIEW
Following strong FY results and the strategic acquisition of Austin Professional Resourcing LLP (APR), we update our forecasts and reiterate our ‘Outperform’ rating. Higher revenue assumptions reflect continued organic momentum and APR's contribution, with near-term margin dilution and subsequent EPS accretion thereafter. While we reduce our price target, primarily due to the external environment, our positive view on XPS remains unchanged, supported by regulatory tailwinds, resilient demand and growth in insurance consulting.
