Investec Increases Xaar Plc Price Target to GBX 1,180 (XAR)
Stock analysts at Investec boosted their target price on shares of Xaar Plc (LON:XAR) from GBX 860 ($14.17) to GBX 1,180 ($19.45) in a report issued on Monday, AnalystRatingsNetwork reports. The firm currently has an “add” rating on the stock. Investec’s price target points to a potential upside of 7.96% from the stock’s previous close.
A number of other firms have also recently commented on XAR. Analysts at Jefferies Group reiterated a “buy” rating on shares of Xaar Plc in a research note to investors on Monday. They now have a GBX 1,265 ($20.85) price target on the stock. Separately, analysts at Numis Securities Ltd initiated coverage on shares of Xaar Plc in a research note to investors on Monday, December 9th. They set an “add” rating and a GBX 1,200 ($19.78) price target on the stock. Finally, analysts at N+1 Singer reiterated a “corporate” rating on shares of Xaar Plc in a research note to investors on Thursday, November 28th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of GBX 1,136.25 ($18.73).
Shares of Xaar Plc (LON:XAR) opened at 1099.28 on Monday. Xaar Plc has a 52 week low of GBX 273.00 and a 52 week high of GBX 1191.00. The stock’s 50-day moving average is GBX 1069. and its 200-day moving average is GBX 889.8. The company’s market cap is £806.7 million.
Xaar plc (LON:XAR) is an independent supplier of industrial inkjet printheads.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.