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

XP Power (LON:XPP)‘s stock had its “buy” rating reissued by equities researchers at Shore Capital in a report issued on Monday, MarketBeat Ratings reports. They currently have a GBX 2,048 target price on the stock. Shore Capital’s price target suggests a potential upside of 100.78% from the company’s current price.

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 1,500 target price on shares of XP Power in a research report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,512.67.

XP Power Stock Performance

Shares of XPP opened at GBX 1,020 on Monday. XP Power has a 12-month low of GBX 600 and a 12-month high of GBX 1,347.03. The company has a current ratio of 1.87, a quick ratio of 0.69 and a debt-to-equity ratio of 110.81. The company has a market cap of £285.93 million, a PE ratio of -18.02, a price-to-earnings-growth ratio of 0.44 and a beta of 1.48. The stock has a 50-day moving average price of GBX 912.14 and a 200-day moving average price of GBX 926.84.

Insider Activity

In other news, insider Daniel Shook acquired 768 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The shares were 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 that occurred on Tuesday, December 16th. The stock was sold at an average price of GBX 904, for a total value of £27,138.08. 5.11% of the stock is currently owned by corporate 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.