XP Power (LON:XPP) Hits New 12-Month High - Should You Buy?

Key Points

• 52-week high: XP Power shares hit a new 52-week high of GBX 1,924 and last traded at GBX 1,876 on heavy volume (~1.10 million shares), trading well above its 50- and 200-day moving averages.
• Analyst view: Two brokers rate the stock Buy and one rates it Hold, giving a consensus rating of "Moderate Buy" with an average target of GBX 1,769.33 while Berenberg raised its target to GBX 2,120.
• Fundamentals and insider activity: The company has a market cap of £526.2M, a negative P/E (-44.70) and elevated debt-to-equity (74.61), and insiders bought shares in March and now own about 5.12% of the stock.

XP Power Limited (LON:XPP - Get Free Report)'s share price 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

Several brokerages recently issued reports on XPP. Jefferies Financial Group reiterated a "hold" rating and set a GBX 1,140 price target on shares of XP Power in a report on Friday, April 24th. Berenberg Bank upped their price target on 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, Shore Capital Group reiterated a "buy" rating on shares of XP Power in a report on Thursday, April 23rd. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of GBX 1,769.33.

XP Power Price Performance

The stock has a market cap of £526.22 million, a P/E ratio of -44.70, a P/E/G ratio of 0.44 and a beta of 1.78. The company has a debt-to-equity ratio of 74.61, a quick ratio of 0.69 and a current ratio of 1.59. The business has a 50 day simple moving average of GBX 1,386.28 and a 200-day simple moving average of GBX 1,154.65.

Insiders Place Their Bets

In other XP Power news, insider Charlotta Ginman acquired 1,515 shares of XP Power stock in a transaction on Tuesday, March 3rd. The stock was purchased at an average price of GBX 1,336 per share, for a total transaction of £20,240.40. Also, insider Jamie Pike acquired 7,496 shares of XP Power stock in a transaction on Wednesday, March 4th. The stock was acquired 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 corporate 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.

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