XP Power (LON:XPP) Sets New 52-Week High – What’s Next?

XP Power Limited (LON:XPP) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 1,924 and last traded at GBX 1,876, with a volume of 1101476 shares traded. The stock had previously closed at GBX 1,753.15.

Wall Street Analysts Forecast Growth

XPP has been the subject of several analyst reports. Shore Capital Group reissued a “buy” rating on shares of XP Power in a research note on Thursday, April 23rd. Berenberg Bank raised their price objective 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. Finally, Jefferies Financial Group reissued a “hold” rating and issued a GBX 1,140 price objective on shares of XP Power in a research note on Friday, April 24th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,769.33.

XP Power Trading Down 2.9%

The company has a market capitalization of £519.71 million, a PE ratio of -44.14, a price-to-earnings-growth ratio of 0.44 and a beta of 1.78. The company’s fifty day moving average is GBX 1,408.61 and its 200-day moving average is GBX 1,167.75. The company has a debt-to-equity ratio of 74.61, a current ratio of 1.59 and a quick ratio of 0.69.

Insider Buying and Selling at XP Power

In other news, insider Charlotta Ginman purchased 1,515 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were acquired 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 business’s stock in a transaction on Wednesday, March 4th. The stock was purchased at an average cost of GBX 1,330 per share, for a total transaction of £99,696.80. 5.12% of the stock is currently owned by 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.