XP Power (LON:XPP) Hits New 12-Month High on Analyst Upgrade

Key Points

• XP Power hit a new 52-week high (trading up to GBX 1,815.83) after Berenberg Bank raised its price target from GBX 1,500 to GBX 2,120 and kept a buy rating.
• Two insiders bought stock in March (Charlotta Ginman 1,515 shares at GBX 1,336 and Jamie Pike 7,496 shares at GBX 1,330), and company insiders now own 5.12% of the shares.
• Analysts' consensus is a Moderate Buy with an average price target of GBX 1,769.33; the company has a market cap of ~£506m but a negative P/E (-43) and a high debt-to-equity ratio (74.61), signaling mixed fundamentals.

XP Power Limited (LON:XPP - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday after Berenberg Bank raised their price target on the stock from GBX 1,500 to GBX 2,120. Berenberg Bank currently has a buy rating on the stock. XP Power traded as high as GBX 1,815.83 and last traded at GBX 1,806, with a volume of 600866 shares traded. The stock had previously closed at GBX 1,586.

Other research analysts also recently issued research reports about the stock. Shore Capital Group restated a "buy" rating on shares of XP Power in a report on Thursday, April 23rd. Jefferies Financial Group reiterated a "hold" rating and set a GBX 1,140 price objective on shares of XP Power in a report on Friday, April 24th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of GBX 1,769.33.

Insider Buying and Selling

In related news, insider Charlotta Ginman purchased 1,515 shares of the firm's stock in a transaction that occurred on Tuesday, March 3rd. The stock was acquired at an average price of GBX 1,336 per share, for a total transaction of £20,240.40. Also, insider Jamie Pike purchased 7,496 shares of the firm's stock in a transaction that occurred on Wednesday, March 4th. The shares were bought at an average price of GBX 1,330 per share, with a total value of £99,696.80. 5.12% of the stock is owned by company insiders.

XP Power Stock Performance

The company's 50 day moving average price is GBX 1,368.13 and its 200-day moving average price is GBX 1,141.91. The stock has a market cap of £506.26 million, a P/E ratio of -43.00, a price-to-earnings-growth ratio of 0.44 and a beta of 1.62. The company has a debt-to-equity ratio of 74.61, a quick ratio of 0.69 and a current ratio of 1.59.

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.

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