Xaar plc’s (XAR) “Buy” Rating Reaffirmed at Peel Hunt
Xaar plc (LON:XAR)‘s stock had its “buy” rating restated by Peel Hunt in a research note issued to investors on Wednesday. They presently have a GBX 570 ($7.44) target price on the stock. Peel Hunt’s target price indicates a potential upside of 12.87% from the company’s previous close.
A number of other research firms also recently weighed in on XAR. FinnCap restated a “hold” rating on shares of Xaar plc in a research report on Wednesday, June 1st. Jefferies Group reiterated a “buy” rating and issued a GBX 580 ($7.57) price objective on shares of Xaar plc in a report on Friday, June 10th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 538 ($7.02).
Shares of Xaar plc (LON:XAR) opened at 502.50 on Wednesday. The stock’s market capitalization is GBX 382.94 million. The stock’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 1-year low of GBX 375.00 and a 1-year high of GBX 566.50.
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The firm also recently announced a dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 1st will be paid a GBX 3.30 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, September 1st. This represents a yield of 0.66%.
Xaar plc Company Profile
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.
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