XP Power (LON:XPP) Price Target Raised to GBX 2,400

XP Power (LON:XPP) had its price target lifted by Berenberg Bank from GBX 2,120 to GBX 2,400 in a report issued on Wednesday,Digital Look reports. Berenberg Bank currently has a buy rating on the stock.

Several other equities research analysts have also issued reports on XPP. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 1,400 target price on shares of XP Power in a research report on Wednesday, August 5th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 2,330 price target on shares of XP Power in a report on Wednesday. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, XP Power presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,044.50.

XP Power Stock Performance

Shares of XP Power stock opened at GBX 1,706 on Wednesday. The business’s fifty day simple moving average is GBX 1,886.11 and its 200 day simple moving average is GBX 1,800.34. The firm has a market capitalization of £478.23 million, a P/E ratio of -54.68, a price-to-earnings-growth ratio of 0.44 and a beta of 1.80. XP Power has a 12 month low of GBX 849.23 and a 12 month high of GBX 2,160. The company has a current ratio of 1.48, a quick ratio of 0.69 and a debt-to-equity ratio of 66.55.

Insider Buying and Selling at XP Power

In other news, insider Matthew Webb sold 16,312 shares of the firm’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of GBX 2,023, for a total transaction of £329,991.76. 5.16% 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.