XP Power (LON:XPP) Given "Buy" Rating at Berenberg Bank

Key Points

• Berenberg Bank has reaffirmed a "buy" rating for XP Power, setting a price target of GBX 1,500, which implies a potential upside of 44.51% from the current stock price.
• As of mid-day trading, XP Power's stock was flat at GBX 1,038, with a trading volume significantly higher than its average.
• XP Power specializes in designing and manufacturing various power supply solutions across Europe, North America, and Asia.

XP Power (LON:XPP - Get Free Report)'s stock had its "buy" rating reaffirmed by Berenberg Bank in a research report issued to clients and investors on Wednesday,Digital Look reports. They presently have a GBX 1,500 price objective on the stock. Berenberg Bank's price target points to a potential upside of 44.51% from the company's current price.

XP Power Price Performance

XPP stock remained flat at GBX 1,038 during mid-day trading on Wednesday. The company's stock had a trading volume of 290,751 shares, compared to its average volume of 60,045. The firm has a 50-day moving average of GBX 933.97 and a 200 day moving average of GBX 856.04. XP Power has a 52 week low of GBX 600 and a 52 week high of GBX 1,422. The firm has a market capitalization of £290.97 million, a P/E ratio of -18.34, a price-to-earnings-growth ratio of 0.44 and a beta of 1.48. The company has a current ratio of 1.87, a quick ratio of 0.69 and a debt-to-equity ratio of 110.81.

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.

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