Shore Capital Group Reiterates “Buy” Rating for XP Power (LON:XPP)

XP Power (LON:XPP)‘s stock had its “buy” rating restated by stock analysts at Shore Capital Group in a report issued on Thursday, MarketBeat Ratings reports.

Separately, Berenberg Bank upped their target price on shares of XP Power from GBX 975 to GBX 1,400 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Two 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 company has a consensus rating of “Moderate Buy” and an average price target of GBX 1,529.33.

XP Power Trading Down 2.4%

Shares of XPP opened at GBX 1,440 on Thursday. The company has a current ratio of 1.59, a quick ratio of 0.69 and a debt-to-equity ratio of 74.61. The firm’s 50-day moving average is GBX 1,353.37 and its two-hundred day moving average is GBX 1,126.33. XP Power has a twelve month low of GBX 664 and a twelve month high of GBX 1,560. The firm has a market capitalization of £403.66 million, a P/E ratio of -34.29, a PEG ratio of 0.44 and a beta of 1.62.

Insider Activity at XP Power

In other XP Power news, insider Jamie Pike purchased 7,496 shares of the stock in a transaction dated Wednesday, March 4th. The shares were acquired at an average cost of GBX 1,330 per share, for a total transaction of £99,696.80. Also, insider Charlotta Ginman acquired 1,515 shares of XP Power stock in a transaction that occurred on Tuesday, March 3rd. The shares were purchased at an average cost of GBX 1,336 per share, for a total transaction of £20,240.40. 5.12% of the stock is owned by corporate insiders.

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.