XP Power (LON:XPP) Sets New 1-Year High – What’s Next?

XP Power Limited (LON:XPP)’s stock price hit a new 52-week high on Tuesday . The company traded as high as GBX 1,978 and last traded at GBX 1,924.95, with a volume of 469 shares. The stock had previously closed at GBX 1,900.15.

Wall Street Analysts Forecast Growth

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

XP Power Stock Down 1.3%

The stock’s fifty day moving average is GBX 1,547.40 and its two-hundred day moving average is GBX 1,251.01. 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 company has a market capitalization of £524.76 million, a PE ratio of -44.57, a P/E/G ratio of 0.44 and a beta of 1.78.

Insider Transactions at XP Power

In other news, insider Jamie Pike acquired 7,496 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were acquired at an average cost of GBX 1,330 per share, for a total transaction of £99,696.80. Also, insider Charlotta Ginman purchased 1,515 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was acquired at an average cost of GBX 1,336 per share, for a total transaction 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.