Shore Capital Reiterates Buy Rating for XP Power (LON:XPP)

XP Power (LON:XPP)‘s stock had its “buy” rating reissued by research analysts at Shore Capital in a research note issued to investors on Monday,Digital Look reports. They presently have a GBX 2,048 target price on the stock. Shore Capital’s price objective indicates a potential upside of 102.56% from the company’s previous close.

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 1,500 target price on shares of XP Power in a research report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 1,512.67.

XP Power Price Performance

Shares of XPP traded up GBX 106.05 during trading hours on Monday, hitting GBX 1,011.05. 552,226 shares of the stock were exchanged, compared to its average volume of 78,774. The stock’s 50-day moving average price is GBX 910.46 and its two-hundred day moving average price is GBX 925.11. The company has a debt-to-equity ratio of 110.81, a quick ratio of 0.69 and a current ratio of 1.87. The company has a market cap of £283.42 million, a price-to-earnings ratio of -17.86, a price-to-earnings-growth ratio of 0.44 and a beta of 1.48. XP Power has a 12-month low of GBX 600 and a 12-month high of GBX 1,370.

Insiders Place Their Bets

In other news, insider Daniel Shook bought 768 shares of the company’s stock in a transaction on Friday, October 24th. The stock was bought at an average cost of GBX 1,038 per share, with a total value of £7,971.84. Also, insider Gavin Griggs sold 3,002 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of GBX 904, for a total transaction of £27,138.08. 5.11% of the stock is owned by 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.