XP Power’s (XPP) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of XP Power (LON:XPP) in a report issued on Monday morning, MarketBeat.com reports. They currently have a GBX 1,500 target price on the stock.

Separately, Shore Capital restated a “buy” rating and issued a GBX 2,048 price target on shares of XP Power in a report on Monday. 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.com, XP Power currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,512.67.

XP Power Stock Performance

Shares of XPP stock opened at GBX 1,049 on Monday. The firm has a 50 day moving average of GBX 913.80 and a 200-day moving average of GBX 927.70. The company has a market cap of £294.06 million, a price-to-earnings ratio of -18.53, a price-to-earnings-growth ratio of 0.44 and a beta of 1.48. The company has a quick ratio of 0.69, a current ratio of 1.87 and a debt-to-equity ratio of 110.81. XP Power has a 52 week low of GBX 600 and a 52 week high of GBX 1,347.03.

Insiders Place Their Bets

In other XP Power news, insider Gavin Griggs sold 3,002 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of GBX 904, for a total transaction of £27,138.08. Also, insider Daniel Shook acquired 768 shares of the business’s stock in a transaction on Friday, October 24th. The shares were purchased at an average cost of GBX 1,038 per share, for a total transaction of £7,971.84. Corporate insiders own 5.11% 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.