Peel Hunt reiterated their buy rating on shares of Xaar plc (LON:XAR) in a report issued on Wednesday morning. The firm currently has a GBX 470 ($6.07) target price on the stock.

Shares of Xaar plc (LON XAR) opened at 410.00 on Wednesday. Xaar plc has a 12 month low of GBX 325.00 and a 12 month high of GBX 520.00. The firm has a 50-day moving average price of GBX 406.68 and a 200-day moving average price of GBX 375.58. The company’s market capitalization is GBX 313.10 million.

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About Xaar plc

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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