Jefferies Group Cuts Xaar plc Price Target to GBX 535 (XAR)
Investment analysts at Jefferies Group dropped their price target on shares of Xaar plc (LON:XAR) from GBX 800 ($13.28) to GBX 535 ($8.88) in a note issued to investors on Monday. The firm currently has a “buy” rating on the stock. Jefferies Group’s price target would indicate a potential upside of 27.38% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Numis Securities Ltd downgraded shares of Xaar plc to a “hold” rating in a research note on Friday. They now have a GBX 450 ($7.47) price target on the stock. Separately, analysts at Investec downgraded shares of Xaar plc to a “sell” rating in a research note on Thursday. They now have a GBX 430 ($7.14) price target on the stock, down previously from GBX 560 ($9.29). Finally, analysts at N+1 Singer reiterated a “corporate” rating on shares of Xaar plc in a research note on Thursday. One 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’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 466.25 ($7.74).
Shares of Xaar plc (LON:XAR) opened at 417.63 on Monday. Xaar plc has a 1-year low of GBX 385.00 and a 1-year high of GBX 1191.00. The stock has a 50-day moving average of GBX 549.2 and a 200-day moving average of GBX 760.3. The company’s market cap is £311.8 million.
The company also recently announced a dividend, which is scheduled for Friday, October 3rd. Shareholders of record on Wednesday, September 3rd will be paid a dividend of GBX 3 ($0.05) per share. This represents a dividend yield of 0.68%. The ex-dividend date is Wednesday, September 3rd.
Xaar plc (LON:XAR) is a holding company.
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