XP Power's (XPP) Hold Rating Reiterated at Jefferies Financial Group

Key Points

• Jefferies reiterated a "Hold" rating on XP Power with a target price of GBX 1,140, implying about a 20.8% downside from the stock's recent level (~GBX 1,440).
• Other brokers are more positive — Berenberg lifted its target to GBX 1,400 and Shore Capital rates the stock a Buy, leaving a MarketBeat consensus of "Moderate Buy" with an average target of GBX 1,529.33.
• Corporate insiders recently bought stock (Charlotta Ginman and Jamie Pike purchased shares around GBX 1,330–1,336), and insiders now own 5.12% of the company.

XP Power (LON:XPP - Get Free Report)'s stock had its "hold" rating reiterated by equities researchers at Jefferies Financial Group in a research report issued to clients and investors on Friday,Digital Look reports. They presently have a GBX 1,140 target price on the stock. Jefferies Financial Group's price target points to a potential downside of 20.83% from the stock's current price.

Several other analysts also recently commented on the stock. Berenberg Bank lifted 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. Shore Capital Group reissued a "buy" rating on shares of XP Power in a report on Thursday. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, XP Power presently has a consensus rating of "Moderate Buy" and an average price target of GBX 1,529.33.

XP Power Stock Performance

XPP stock traded down GBX 36 during midday trading on Friday, reaching GBX 1,440. 52,933 shares of the company were exchanged, compared to its average volume of 68,868. XP Power has a one year low of GBX 664 and a one year high of GBX 1,560. The firm has a market capitalization of £403.66 million, a price-to-earnings ratio of -34.29, a price-to-earnings-growth ratio of 0.44 and a beta of 1.62. The business has a 50-day moving average price of GBX 1,353.13 and a two-hundred day moving average price of GBX 1,122.65. The company has a debt-to-equity ratio of 74.61, a current ratio of 1.59 and a quick ratio of 0.69.

Insiders Place Their Bets

In other news, insider Charlotta Ginman acquired 1,515 shares of the firm's stock in a transaction on Tuesday, March 3rd. The shares were purchased at an average cost of GBX 1,336 per share, with a total value of £20,240.40. Also, insider Jamie Pike purchased 7,496 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were acquired at an average cost of GBX 1,330 per share, for a total transaction 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.

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