XP Power (LON:XPP) Hits New 12-Month High – Time to Buy?

Shares of XP Power Limited (LON:XPP) hit a new 52-week high on Wednesday . The stock traded as high as GBX 1,362 and last traded at GBX 1,350, with a volume of 11372 shares changing hands. The stock had previously closed at GBX 1,320.

Analysts Set New Price Targets

A number of brokerages have recently commented on XPP. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,500 price objective on shares of XP Power in a research note on Monday, January 19th. Shore Capital reissued a “buy” rating and set a GBX 2,048 price target on shares of XP Power in a report on Monday, January 19th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,512.67.

XP Power Stock Up 2.3%

The stock has a market cap of £378.43 million, a price-to-earnings ratio of -23.85, a PEG ratio of 0.44 and a beta of 1.48. The business’s 50 day moving average is GBX 965.27 and its 200-day moving average is GBX 948.60. The company has a debt-to-equity ratio of 110.81, a quick ratio of 0.69 and a current ratio of 1.87.

Insider Activity

In other news, insider Gavin Griggs sold 3,002 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of GBX 904, for a total transaction of £27,138.08. 5.11% of the stock is currently owned by company insiders.

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.