Xaar plc Price Target Lowered to GBX 800 at Jefferies Group (XAR)
Analysts at Jefferies Group dropped their price objective on shares of Xaar plc (LON:XAR) from GBX 1,170 ($19.86) to GBX 800 ($13.58) in a research report issued to clients and investors on Friday. The firm currently has a “buy” rating on the stock. Jefferies Group’s price objective would indicate a potential upside of 56.86% from the stock’s previous close.
A number of other analysts have also recently weighed in on XAR. Analysts at Investec downgraded shares of Xaar plc to a “hold” rating in a research note on Wednesday. They now have a GBX 560 ($9.51) price target on the stock, down previously from GBX 960 ($16.30). Separately, analysts at FinnCap reiterated a “hold” rating on shares of Xaar plc in a research note on Wednesday. Finally, analysts at Numis Securities Ltd downgraded shares of Xaar plc to a “hold” rating in a research note on Tuesday. They now have a GBX 800 ($13.58) price target on the stock. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 720 ($12.22).
Xaar plc (LON:XAR) traded up 2.00% during mid-day trading on Friday, hitting GBX 510.00. 775,142 shares of the company’s stock traded hands. Xaar plc has a 1-year low of GBX 475.00 and a 1-year high of GBX 1191.00. The stock has a 50-day moving average of GBX 757.1 and a 200-day moving average of GBX 948.4. The company’s market cap is £379.3 million.
Xaar plc (LON:XAR) is a holding company.
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