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

XP Power (LON:XPP) had its price target upped by Berenberg Bank from GBX 1,400 ($17.79) to GBX 1,950 ($24.78) in a research note published on Wednesday, Marketbeat.com reports. They currently have a buy rating on the stock.

Several other brokerages also recently weighed in on XPP. Jefferies Financial Group upgraded XP Power to a buy rating and set a GBX 1,640 ($20.84) price objective for the company in a research report on Wednesday, January 31st. Numis Securities reissued 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.

XP Power Price Performance

LON:XPP opened at GBX 1,598 ($20.31) on Wednesday. The company has a market cap of £378.41 million, a P/E ratio of -3,551.11, a P/E/G 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. XP Power has a one year low of GBX 682.41 ($8.67) and a one year high of GBX 2,489.20 ($31.64). The firm’s fifty day moving average price is GBX 1,134.20 and its two-hundred day moving average price is GBX 1,209.99.

Insiders Place Their Bets

In related news, insider Gavin Griggs sold 1,074 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of GBX 1,032 ($13.12), for a total value of £11,083.68 ($14,087.04). Company 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.