Berenberg Bank Reaffirms Buy Rating for XP Power (LON:XPP)

XP Power (LON:XPP)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a report issued on Monday, Marketbeat Ratings reports. They presently have a GBX 1,500 target price on the stock. Berenberg Bank’s price objective would suggest a potential upside of 47.06% from the company’s previous close.

Separately, Shore Capital reissued a “buy” rating and issued a GBX 2,048 price objective on shares of XP Power in a research note on Monday. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,512.67.

XP Power Price Performance

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

Insider Activity

In related news, insider Daniel Shook bought 768 shares of the company’s stock in a transaction dated Friday, October 24th. The shares were bought at an average price of GBX 1,038 per share, for a total transaction of £7,971.84. Also, insider Gavin Griggs sold 3,002 shares of XP Power stock in a transaction that occurred on Tuesday, December 16th. The shares were 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 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.