Berenberg Bank Increases XP Power (LON:XPP) Price Target to GBX 1,950

XP Power (LON:XPP) had its target price lifted by investment analysts at Berenberg Bank from GBX 1,400 ($17.79) to GBX 1,950 ($24.78) in a research note issued to investors on Wednesday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 24.52% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on XPP. Numis Securities reaffirmed a “buy” rating and set a GBX 1,380 ($17.54) target price on shares of XP Power in a research report on Thursday, April 11th. Jefferies Financial Group raised XP Power to a “buy” rating and set a GBX 1,640 ($20.84) price objective on the stock in a report on Wednesday, January 31st.

XP Power Stock Performance

Shares of XPP opened at GBX 1,566 ($19.90) on Wednesday. The company’s 50 day moving average price is GBX 1,122.40 and its 200 day moving average price is GBX 1,206.92. The company has a debt-to-equity ratio of 116.42, a quick ratio of 0.69 and a current ratio of 1.92. XP Power has a 52 week low of GBX 682.41 ($8.67) and a 52 week high of GBX 2,489.20 ($31.64). The company has a market capitalization of £370.83 million, a PE ratio of -3,480.00, a PEG ratio of 0.44 and a beta of 1.38.

Insider Buying and Selling at XP Power

In related news, insider Gavin Griggs sold 1,074 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of GBX 1,032 ($13.12), for a total transaction of £11,083.68 ($14,087.04). Corporate insiders own 5.09% 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.