XP Power (LON:XPP) Price Target Raised to GBX 1,400

XP Power (LON:XPP) had its price objective upped by Berenberg Bank from GBX 975 to GBX 1,400 in a research note published on Wednesday morning, MarketBeat Ratings reports. Berenberg Bank currently has a buy rating on the stock.

Separately, Shore Capital Group reissued a “buy” rating and issued a GBX 2,048 price objective on shares of XP Power in a research note on Monday, January 19th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 1,724.

XP Power Stock Performance

XPP opened at GBX 1,368 on Wednesday. The company has a market capitalization of £383.48 million, a price-to-earnings ratio of -24.17, a price-to-earnings-growth ratio of 0.44 and a beta of 1.48. The company has a debt-to-equity ratio of 74.61, a current ratio of 1.59 and a quick ratio of 0.69. XP Power has a 1-year low of GBX 600 and a 1-year high of GBX 1,466. The business has a 50 day moving average price of GBX 1,181.32 and a two-hundred day moving average price of GBX 1,023.06.

Insider Activity

In other news, insider Jamie Pike purchased 7,496 shares of XP Power stock in a transaction that occurred on Wednesday, March 4th. The stock was acquired at an average price of GBX 1,330 per share, for a total transaction of £99,696.80. Also, insider Gavin Griggs sold 3,002 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of GBX 904, for a total transaction of £27,138.08. 5.12% of the stock is owned by company insiders.

About XP Power

XP Power Limited, an investment holding company, designs, manufactures, and sells power supply solutions in Europe, North America, and Asia. The company offers AC-DC power supplies, DC-DC converters, high voltage AC-DC power supplies, high voltage DC-DC converters, RF power systems, EMI filters, custom power supplies, and 3 phase power supplies. It also provides engineering services. The company serves healthcare, industrial technology, and semiconductor equipment manufacturing industries. XP Power Limited was founded in 1988 and is based in Singapore.