Xaar plc Downgraded by Investec (XAR)
Xaar plc (LON:XAR) was downgraded by analysts at Investec to a “sell” rating in a research report issued to clients and investors on Thursday. They currently have a GBX 430 ($7.12) price objective on the stock, down from their previous price objective of GBX 560 ($9.27). Investec’s price objective suggests a potential downside of 23.21% from the stock’s previous close.
XAR has been the subject of a number of other recent research reports. Analysts at N+1 Singer reiterated a “corporate” rating on shares of Xaar plc in a research note on Thursday. Separately, analysts at FinnCap reiterated a “hold” rating on shares of Xaar plc in a research note on Thursday. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Xaar plc in a research note on Tuesday, July 22nd. They now have a GBX 800 ($13.24) price target on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Xaar plc has a consensus rating of “Hold” and an average price target of GBX 676.67 ($11.20).
Shares of Xaar plc (LON:XAR) opened at 431.9574 on Thursday. Xaar plc has a one year low of GBX 475.00 and a one year high of GBX 1191.00. The stock’s 50-day moving average is GBX 553.2 and its 200-day moving average is GBX 765.0. The company’s market cap is £321.2 million.
Xaar plc (LON:XAR) is a holding company.
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