Berenberg Bank Reiterates “Buy” Rating for XP Power (LON:XPP)

XP Power (LON:XPP)‘s stock had its “buy” rating reaffirmed by investment analysts at Berenberg Bank in a report released on Monday,Digital Look reports. They currently have a GBX 1,500 target price on the stock. Berenberg Bank’s target price suggests a potential upside of 50.38% from the stock’s current price.

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

XP Power Stock Down 1.4%

Shares of LON XPP opened at GBX 997.50 on Monday. The stock has a market capitalization of £279.62 million, a P/E ratio of -17.62, a PEG ratio of 0.44 and a beta of 1.48. The stock’s fifty day moving average is GBX 911.28 and its 200 day moving average is GBX 925.94. XP Power has a 52 week low of GBX 600 and a 52 week high of GBX 1,347.03. The company has a debt-to-equity ratio of 110.81, a quick ratio of 0.69 and a current ratio of 1.87.

Insider Transactions at XP Power

In related news, insider Gavin Griggs sold 3,002 shares of the 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. Also, insider Daniel Shook bought 1,103 shares of the firm’s stock in a transaction on Wednesday, October 22nd. The shares were bought at an average cost of GBX 1,038 per share, for a total transaction of £11,449.14. 5.11% of the stock is currently 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.