XP Power Ltd. (XPP) Reaches New 1-Year High at $3,260.00

Shares of XP Power Ltd. (LON:XPP) reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 3,260 ($42.86) and last traded at GBX 3,245 ($42.66), with a volume of 14,403 shares trading hands. The stock had previously closed at GBX 3,136 ($41.23).

XPP has been the subject of several recent analyst reports. Peel Hunt raised their price target on XP Power from GBX 2,520 ($33.13) to GBX 2,680 ($35.24) and gave the company a “buy” rating in a report on Monday, July 31st. Investec raised their price target on XP Power from GBX 3,130 ($41.15) to GBX 3,430 ($45.10) and gave the company a “buy” rating in a report on Monday.

The firm also recently disclosed a dividend, which will be paid on Thursday, January 11th. Investors of record on Thursday, December 14th will be issued a GBX 18 ($0.24) dividend. This represents a yield of 0.58%. This is a positive change from XP Power’s previous dividend of $16.00. The ex-dividend date of this dividend is Thursday, December 14th.

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About XP Power

XP Power Limited is a United Kingdom-based developer and manufacturer of critical power control components for the electronics industry. The Company provides power solutions, including alternating current (AC)-direct current (DC) power supplies and DC-DC converters. The Company’s segment include Europe, North America and Asia geographical.

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