Peel Hunt Lowers Xaar (XAR) Price Target to GBX 420

Xaar (LON:XAR) had its target price cut by stock analysts at Peel Hunt from GBX 535 ($7.15) to GBX 420 ($5.62) in a report released on Friday, December 1st. The firm currently has an “add” rating on the stock. Peel Hunt’s price target would indicate a potential upside of 13.59% from the stock’s previous close.

Several other analysts have also recently weighed in on XAR. Jefferies Group cut their price objective on Xaar from GBX 560 ($7.49) to GBX 500 ($6.69) and set a “buy” rating on the stock in a research report on Friday, November 24th. N+1 Singer reaffirmed a “corporate” rating on shares of Xaar in a research report on Monday, November 20th.

Xaar (LON XAR) traded down GBX 2.25 ($0.03) during trading on Friday, reaching GBX 369.75 ($4.94). The company’s stock had a trading volume of 22,820 shares, compared to its average volume of 60,411. The company has a market cap of $289.01 and a PE ratio of 2,310.94. Xaar has a fifty-two week low of GBX 325 ($4.35) and a fifty-two week high of GBX 509.05 ($6.81).

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Xaar 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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