Peel Hunt Reaffirms Buy Rating for Xaar plc (XAR)
Xaar plc (LON:XAR)‘s stock had its “buy” rating reiterated by analysts at Peel Hunt in a note issued to investors on Wednesday. They currently have a GBX 570 ($7.44) price target on the stock. Peel Hunt’s price objective suggests a potential upside of 12.87% from the company’s previous close.
A number of other analysts have also recently weighed in on XAR. FinnCap reissued a “hold” rating on shares of Xaar plc in a research note on Wednesday, June 1st. Jefferies Group reissued a “buy” rating and issued a GBX 580 ($7.57) target price on shares of Xaar plc in a research note on Friday, June 10th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 538 ($7.02).
Shares of Xaar plc (LON:XAR) traded down 0.223% during midday trading on Wednesday, reaching GBX 503.875. The company had a trading volume of 4,322 shares. The company’s market capitalization is GBX 383.98 million. The firm’s 50 day moving average price is GBX 501.36 and its 200-day moving average price is GBX 478.52. Xaar plc has a 12 month low of GBX 375.00 and a 12 month high of GBX 566.50.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/peel-hunt-reaffirms-buy-rating-for-xaar-plc-xar.html
The company also recently disclosed a dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 1st will be paid a dividend of GBX 3.30 ($0.04) per share. The ex-dividend date of this dividend is Thursday, September 1st. This represents a yield of 0.66%.
About Xaar plc
Xaar PLC is a developer of digital inkjet technology and a manufacturer of piezoelectric drop-on-demand industrial inkjet print heads. The Company has two segments: product sales, commissions and fees, and royalties. Its technology is used in a range of manufacturing applications, including graphics, labels, direct-to-shape packaging decoration, ceramic tiles, laminates, and outer case coding as well as printing with functional fluids for manufacturing techniques.
Receive News & Ratings for Xaar plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xaar plc and related companies with MarketBeat.com's FREE daily email newsletter.