Berenberg Bank Boosts XP Power (LON:XPP) Price Target to GBX 1,400

XP Power (LON:XPP) had its target price lifted by analysts at Berenberg Bank from GBX 975 to GBX 1,400 in a report issued on Wednesday, MarketBeat reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s target price points to a potential upside of 2.49% from the company’s current price.

Separately, Shore Capital Group reissued a “buy” rating and issued a GBX 2,048 price target on shares of XP Power in a research note on Monday, January 19th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 1,479.33.

XP Power Stock Performance

XPP stock opened at GBX 1,366 on Wednesday. XP Power has a 1-year low of GBX 600 and a 1-year high of GBX 1,466. 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 has a market cap of £382.92 million, a PE ratio of -24.13, a P/E/G ratio of 0.44 and a beta of 1.48. The business’s 50-day moving average price is GBX 1,171.36 and its two-hundred day moving average price is GBX 1,019.87.

Insider Buying and Selling

In related news, insider Gavin Griggs sold 3,002 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of GBX 904, for a total value of £27,138.08. Also, insider Charlotta Ginman bought 1,515 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were acquired at an average cost of GBX 1,336 per share, for a total transaction of £20,240.40. 5.12% of the stock is currently owned by 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.