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Xaar Plc (LON:XAR)‘s stock had its “add” rating reaffirmed by stock analysts at Numis Securities Ltd in a report issued on Wednesday, American Banking & Market News reports. They currently have a GBX 1,200 ($19.69) target price on the stock. Numis Securities Ltd’s price objective would indicate a potential upside of 12.36% from the stock’s previous close.

Shares of Xaar Plc (LON:XAR) traded up 0.19% during mid-day trading on Wednesday, hitting GBX 1070.00. The stock had a trading volume of 5,549 shares. Xaar Plc has a 52-week low of GBX 284.50 and a 52-week high of GBX 1191.00. The stock’s 50-day moving average is GBX 1085. and its 200-day moving average is GBX 927.3. The company’s market cap is £785.2 million.

A number of other analysts have also recently weighed in on XAR. Analysts at N+1 Singer reiterated a “corporate” rating on shares of Xaar Plc in a research note on Thursday, January 30th. Finally, analysts at FinnCap reiterated a “buy” rating on shares of Xaar Plc in a research note on Thursday, January 16th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of GBX 1,215 ($19.93).

Xaar plc (LON:XAR) is an independent supplier of industrial inkjet printheads.

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