XP Power (LON:XPP) Sets New 12-Month High – Still a Buy?

XP Power Limited (LON:XPP)’s stock price hit a new 52-week high during mid-day 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 changing hands. The stock had previously closed at GBX 1,450.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Berenberg Bank lifted their price target on XP Power from GBX 975 to GBX 1,400 and gave the company a “buy” rating in a 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 report on Monday, January 19th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 1,724.

XP Power Price Performance

The stock has a 50-day moving average price of GBX 1,343.38 and a two-hundred day moving average price of GBX 1,109.54. The company has a current ratio of 1.59, a quick ratio of 0.69 and a debt-to-equity ratio of 74.61. The stock has a market cap of £416.56 million, a price-to-earnings ratio of -35.38, a PEG ratio of 0.44 and a beta of 1.70.

Insider Transactions at XP Power

In other news, insider Jamie Pike purchased 7,496 shares of the stock in a transaction on Wednesday, March 4th. The stock was bought at an average price of GBX 1,330 per share, with a total value of £99,696.80. Also, insider Charlotta Ginman purchased 1,515 shares of the 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. 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.