XP Power (LON:XPP) Price Target Raised to GBX 2,400

XP Power (LON:XPP) had its target price boosted by research analysts at Berenberg Bank from GBX 2,120 to GBX 2,400 in a research note issued to investors on Wednesday, Digital Look reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 35.59% from the company’s current price.

Several other brokerages have also weighed in on XPP. Jefferies Financial Group restated a “buy” rating and issued a GBX 2,330 price objective on shares of XP Power in a report on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 1,400 target price on shares of XP Power in a report on Wednesday, August 5th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,044.50.

XP Power Stock Performance

Shares of LON:XPP opened at GBX 1,770 on Wednesday. The company has a current ratio of 1.48, a quick ratio of 0.69 and a debt-to-equity ratio of 66.55. XP Power has a 1-year low of GBX 849.23 and a 1-year high of GBX 2,160. The stock has a market capitalization of £496.17 million, a P/E ratio of -56.73, a P/E/G ratio of 0.44 and a beta of 1.80. The business has a 50-day moving average price of GBX 1,887.53 and a two-hundred day moving average price of GBX 1,794.54.

Insider Activity at XP Power

In other news, insider Matthew Webb sold 16,312 shares of the company’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of GBX 2,023, for a total value of £329,991.76. 5.16% of the stock is currently owned by company insiders.

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.