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

XP Power Limited (LON:XPP)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 1,992.86 and last traded at GBX 1,973.41, with a volume of 2881 shares trading hands. The stock had previously closed at GBX 1,926.88.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on XPP. Jefferies Financial Group reissued a “hold” rating and issued a GBX 1,140 price target on shares of XP Power in a research note on Friday, April 24th. Shore Capital Group reaffirmed a “buy” rating on shares of XP Power in a research note on Thursday, April 23rd. Finally, Berenberg Bank lifted their target price on shares of XP Power from GBX 1,500 to GBX 2,120 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,769.33.

XP Power Stock Performance

The company has a debt-to-equity ratio of 74.61, a quick ratio of 0.69 and a current ratio of 1.59. The firm’s 50 day simple moving average is GBX 1,713.66 and its 200-day simple moving average is GBX 1,342.79. The company has a market cap of £565.15 million, a price-to-earnings ratio of -48.00, a PEG ratio of 0.44 and a beta of 1.81.

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.