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

XP Power (LON:XPP)‘s stock had its “buy” rating restated by research analysts at Shore Capital Group in a research note issued to investors on Thursday,London Stock Exchange reports.

Separately, Berenberg Bank boosted their target price on shares of XP Power from GBX 975 to GBX 1,400 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of GBX 1,724.

XP Power Stock Down 0.4%

Shares of LON:XPP traded down GBX 6 on Thursday, reaching GBX 1,482. The company had a trading volume of 81,175 shares, compared to its average volume of 69,074. The firm has a market capitalization of £415.43 million, a PE ratio of -35.29, a PEG ratio of 0.44 and a beta of 1.62. The company has a current ratio of 1.59, a quick ratio of 0.69 and a debt-to-equity ratio of 74.61. XP Power has a 52-week low of GBX 600 and a 52-week high of GBX 1,557.16. The firm’s 50 day simple moving average is GBX 1,352.07 and its 200-day simple moving average is GBX 1,120.14.

Insiders Place Their Bets

In other XP Power news, insider Charlotta Ginman purchased 1,515 shares of XP Power stock in a transaction dated Tuesday, March 3rd. The shares were acquired at an average cost of GBX 1,336 per share, with a total value of £20,240.40. Also, insider Jamie Pike acquired 7,496 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were acquired at an average price of GBX 1,330 per share, with a total value of £99,696.80. Corporate 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.