Shares of XP Power Limited (LON:XPP – Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,192.73 and traded as high as GBX 1,926. XP Power shares last traded at GBX 1,910, with a volume of 42,967 shares.
Analysts Set New Price Targets
Several equities analysts recently commented on XPP shares. Berenberg Bank increased their price objective on shares of XP Power from GBX 1,500 to GBX 2,120 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Shore Capital Group restated a “buy” rating on shares of XP Power in a research note on Thursday, April 23rd. Finally, Jefferies Financial Group reiterated a “hold” rating and set a GBX 1,140 price objective on shares of XP Power in a research note on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 1,769.33.
XP Power Price Performance
Insider Buying and Selling
In other XP Power news, insider Jamie Pike acquired 7,496 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was 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 the company’s stock in a transaction dated Tuesday, March 3rd. The stock was acquired at an average cost of GBX 1,336 per share, for a total transaction of £20,240.40. Company insiders own 5.12% of the company’s stock.
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.
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