Xaar plc (XAR) Cut to Add at Peel Hunt
Peel Hunt downgraded shares of Xaar plc (LON:XAR) to an add rating in a research report report published on Tuesday morning. They currently have GBX 535 ($7.06) target price on the stock, up from their previous target price of GBX 470 ($6.20).
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The company also recently declared a dividend, which was paid on Thursday, October 12th. Investors of record on Thursday, September 14th were paid a dividend of GBX 3.40 ($0.04) per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a yield of 0.81%.
In other news, insider Lily Liu purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The shares were purchased at an average price of GBX 411 ($5.42) per share, for a total transaction of £41,100 ($54,235.95).
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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