Xaar plc Rating Lowered to Hold at Numis Securities Ltd (XAR)
Xaar plc (LON:XAR) was downgraded by stock analysts at Numis Securities Ltd to a “hold” rating in a report issued on Friday. They currently have a GBX 450 ($7.45) target price on the stock. Numis Securities Ltd’s target price indicates a potential upside of 2.97% from the stock’s previous close.
Xaar plc (LON:XAR) opened at 419.794 on Friday. Xaar plc has a 52 week low of GBX 475.00 and a 52 week high of GBX 1191.00. The stock’s 50-day moving average is GBX 551.3 and its 200-day moving average is GBX 762.7. The company’s market cap is £312.2 million.
The company also recently declared a dividend, which is scheduled for Friday, October 3rd. Shareholders of record on Wednesday, September 3rd will be given a dividend of GBX 3 ($0.05) per share. This represents a yield of 0.68%. The ex-dividend date is Wednesday, September 3rd.
Several other analysts have also recently commented on the stock. Analysts at Investec downgraded shares of Xaar plc to a “sell” rating in a research note on Thursday. They now have a GBX 430 ($7.12) price target on the stock, down previously from GBX 560 ($9.27). Separately, analysts at N+1 Singer reiterated a “corporate” rating on shares of Xaar plc in a research note on Thursday. Finally, analysts at FinnCap reiterated a “hold” rating on shares of Xaar plc in a research note on Thursday. They now have a GBX 450 ($7.45) price target on the stock, down previously from GBX 600 ($9.93). One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 532.50 ($8.81).
Xaar plc (LON:XAR) is a holding company.
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