Berenberg Bank Boosts XP Power (LON:XPP) Price Target to GBX 1,400

XP Power (LON:XPP) had its target price upped by equities research analysts at Berenberg Bank from GBX 975 to GBX 1,400 in a report released on Wednesday,Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective would suggest a potential upside of 3.93% from the stock’s current price.

Separately, Shore Capital Group reaffirmed a “buy” rating and set a GBX 2,048 price target on shares of XP Power in a research note on Monday, January 19th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,479.33.

XP Power Trading Up 1.3%

LON XPP traded up GBX 17 on Wednesday, hitting GBX 1,347. 14,730 shares of the stock were exchanged, compared to its average volume of 81,001. The company has a debt-to-equity ratio of 71.56, a quick ratio of 0.69 and a current ratio of 1.80. XP Power has a 52-week low of GBX 600 and a 52-week high of GBX 1,466. The firm has a market capitalization of £377.59 million, a P/E ratio of -23.80, a P/E/G ratio of 0.44 and a beta of 1.48. The stock has a fifty day moving average price of GBX 1,152.20 and a two-hundred day moving average price of GBX 1,015.24.

Insider Activity at XP Power

In related news, insider Gavin Griggs sold 3,002 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of GBX 904, for a total value of £27,138.08. Insiders own 5.12% of the company’s stock.

XP Power Company Profile

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.