XP Power (LON:XPP) Reaches New 52-Week High – Still a Buy?

Shares of XP Power Limited (LON:XPP) reached a new 52-week high during trading on Monday . The company traded as high as GBX 1,486 and last traded at GBX 1,486, with a volume of 65346 shares traded. The stock had previously closed at GBX 1,450.

Wall Street Analysts Forecast Growth

XPP has been the topic of several research analyst reports. Berenberg Bank increased their price objective on shares of XP Power from GBX 975 to GBX 1,400 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Shore Capital Group reiterated a “buy” rating and issued a GBX 2,048 price target on shares of XP Power in a research note on Monday, January 19th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 1,724.

XP Power Trading Up 0.8%

The firm has a market capitalization of £417.12 million, a P/E ratio of -35.43, a PEG ratio of 0.44 and a beta of 1.62. The company has a quick ratio of 0.69, a current ratio of 1.59 and a debt-to-equity ratio of 74.61. The firm has a 50 day moving average of GBX 1,349.64 and a 200-day moving average of GBX 1,117.54.

Insiders Place Their Bets

In related news, insider Charlotta Ginman bought 1,515 shares of XP Power stock in a transaction dated Tuesday, March 3rd. The shares were bought 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 company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was bought at an average cost of GBX 1,330 per share, with a total value of £99,696.80. Corporate insiders own 5.12% of the company’s stock.

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. 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.