XP Power’s (XPP) “Buy” Rating Reiterated at Shore Capital Group

Shore Capital Group restated their buy rating on shares of XP Power (LON:XPP) in a research report released on Thursday, Marketbeat Ratings reports.

Separately, Berenberg Bank boosted their target price on XP Power from GBX 975 to GBX 1,400 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,529.33.

XP Power Trading Down 2.4%

XPP stock opened at GBX 1,440 on Thursday. The stock has a market cap of £403.66 million, a price-to-earnings ratio of -34.29, a PEG ratio of 0.44 and a beta of 1.62. The business’s 50-day moving average is GBX 1,353.37 and its 200 day moving average is GBX 1,127.78. XP Power has a 12-month low of GBX 664 and a 12-month high of GBX 1,560. The company has a current ratio of 1.59, a quick ratio of 0.69 and a debt-to-equity ratio of 74.61.

Insider Activity at XP Power

In related news, insider Charlotta Ginman bought 1,515 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were acquired at an average cost of GBX 1,336 per share, for a total transaction of £20,240.40. Also, insider Jamie Pike bought 7,496 shares of the stock in a transaction dated Wednesday, March 4th. The shares were bought at an average price of GBX 1,330 per share, for a total transaction of £99,696.80. Insiders own 5.12% of the company’s stock.

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.