Xaar plc (XAR) Stock Rating Reaffirmed by Peel Hunt
Xaar plc (LON:XAR)‘s stock had its “buy” rating reiterated by stock analysts at Peel Hunt in a note issued to investors on Wednesday. They presently have a GBX 570 ($7.44) target price on the stock. Peel Hunt’s price objective would suggest a potential upside of 13.21% from the company’s current price.
Several other equities research analysts have also issued reports on the stock. FinnCap reissued a “hold” rating on shares of Xaar plc in a report on Monday, July 18th. Jefferies Group reissued a “buy” rating and issued a GBX 580 ($7.57) target price 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 stock. Xaar plc has a consensus rating of “Hold” and a consensus price target of GBX 538 ($7.02).
Shares of Xaar plc (LON:XAR) opened at 503.50 on Wednesday. Xaar plc has a 12-month low of GBX 375.00 and a 12-month high of GBX 566.50. The company’s market capitalization is GBX 383.70 million. The company’s 50-day moving average is GBX 501.01 and its 200-day moving average is GBX 478.89.
The business also recently disclosed a dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 1st will be issued a dividend of GBX 3.30 ($0.04) per share. This represents a yield of 0.66%. The ex-dividend date of this dividend is Thursday, September 1st.
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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