Xaar plc (LON:XAR) had its price objective cut by analysts at Jefferies Group LLC from GBX 560 ($7.37) to GBX 500 ($6.58) in a research note issued on Friday. The brokerage currently has a “buy” rating on the stock. Jefferies Group LLC’s price target would suggest a potential upside of 30.38% from the company’s current price.

A number of other research analysts have also recently commented on the stock. Peel Hunt reaffirmed an “add” rating and issued a GBX 535 ($7.04) target price on shares of Xaar plc in a research report on Monday. N+1 Singer reaffirmed a “corporate” rating on shares of Xaar plc in a research report on Monday.

Xaar plc (LON XAR) traded up GBX 8.75 ($0.12) during midday trading on Friday, reaching GBX 383.50 ($5.04). 14,375 shares of the company’s stock were exchanged, compared to its average volume of 119,341. Xaar plc has a 52 week low of GBX 325 ($4.27) and a 52 week high of GBX 509.05 ($6.70).

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In related news, insider Lily Liu bought 10,000 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were bought at an average price of GBX 411 ($5.41) per share, with a total value of £41,100 ($54,057.61).

Xaar plc Company Profile

Xaar plc is engaged in the development of digital inkjet technology and manufacture of piezoelectric drop-on-demand industrial inkjet printheads. The Company’s segments are product sales, commissions and fees, and royalties. It offers a range of industrial inkjet printheads and printhead systems, which are designed and produced to meet the customer-driven requirements of a range of manufacturing applications.

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