XP Power (LON:XPP) Earns “Buy” Rating from Berenberg Bank

Berenberg Bank reissued their buy rating on shares of XP Power (LON:XPP) in a research note released on Wednesday, MarketBeat reports. The brokerage currently has a GBX 1,400 ($17.72) price objective on the stock.

Separately, Jefferies Financial Group upgraded shares of XP Power to a buy rating and set a GBX 1,640 ($20.76) price objective on the stock in a report on Wednesday, January 31st.

XP Power Price Performance

XPP opened at GBX 1,090 ($13.80) on Wednesday. The company’s 50 day simple moving average is GBX 1,142.72 and its 200-day simple moving average is GBX 1,230.94. XP Power has a one year low of GBX 682.41 ($8.64) and a one year high of GBX 2,489.20 ($31.50). The stock has a market capitalization of £258.11 million, a P/E ratio of -2,422.22, a price-to-earnings-growth ratio of 0.44 and a beta of 1.38. The company has a debt-to-equity ratio of 116.42, a current ratio of 1.92 and a quick ratio of 0.69.

Insider Activity at XP Power

In other news, insider Gavin Griggs sold 1,074 shares of XP Power stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of GBX 1,032 ($13.06), for a total value of £11,083.68 ($14,028.20). 5.09% of the stock is owned by insiders.

XP Power Company Profile

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.