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Analysts at UBS AG initiated coverage on shares of Xaar Plc (LON:XAR) in a research report issued to clients and investors on Friday, Analyst Ratings Network reports. The firm set a “neutral” rating and a GBX 1,150 ($19.27) price target on the stock. UBS AG’s price target points to a potential upside of 1.32% from the company’s current price.

Xaar Plc (LON:XAR) opened at 1135.00 on Friday. Xaar Plc has a 52 week low of GBX 303.00 and a 52 week high of GBX 1191.00. The stock’s 50-day moving average is GBX 1078.81 and its 200-day moving average is GBX 939.. The company’s market cap is £832.9 million.

Several other analysts have also recently commented on the stock. Analysts at Numis Securities Ltd reiterated an “add” rating on shares of Xaar Plc in a research note on Wednesday, February 12th. They now have a GBX 1,200 ($20.11) price target on the stock. Separately, 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 N+1 Singer reiterated a “corporate” rating on shares of Xaar Plc in a research note on Thursday, January 16th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of GBX 1,198.75 ($20.09).

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

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