Peel Hunt Increases XP Power (XPP) Price Target to GBX 3,800

XP Power (LON:XPP) had its target price increased by equities researchers at Peel Hunt from GBX 3,600 ($48.82) to GBX 3,800 ($51.53) in a report issued on Friday. The brokerage currently has a “buy” rating on the stock. Peel Hunt’s price target suggests a potential upside of 2.70% from the company’s current price.

Separately, Investec increased their price objective on shares of XP Power from GBX 3,130 ($42.45) to GBX 3,430 ($46.51) and gave the stock a “buy” rating in a research report on Monday, October 9th.

Shares of XP Power (LON XPP) traded up GBX 70 ($0.95) during mid-day trading on Friday, hitting GBX 3,700 ($50.18). 15,070 shares of the stock traded hands, compared to its average volume of 4,547. XP Power has a 52 week low of GBX 1,729.29 ($23.45) and a 52 week high of GBX 3,750 ($50.85). The company has a market capitalization of $711.69 and a P/E ratio of 3,162.39.

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XP Power Company Profile

XP Power Limited is a United Kingdom-based developer and manufacturer of critical power control components for the electronics industry. The Company provides power solutions, including alternating current (AC)-direct current (DC) power supplies and DC-DC converters. The Company’s segment include Europe, North America and Asia geographical.

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