Peel Hunt Reiterates “Add” Rating for Xaar plc (XAR)
Xaar plc (LON:XAR)‘s stock had its “add” rating reaffirmed by stock analysts at Peel Hunt in a research note issued to investors on Monday. They presently have a GBX 535 ($7.04) target price on the stock. Peel Hunt’s target price indicates a potential upside of 37.98% from the company’s current price.
Separately, N+1 Singer reiterated a “corporate” rating on shares of Xaar plc in a research note on Monday.
Shares of Xaar plc (LON XAR) traded down GBX 69 ($0.91) during mid-day trading on Monday, reaching GBX 387.75 ($5.10). The company had a trading volume of 383,670 shares, compared to its average volume of 104,042. Xaar plc has a one year low of GBX 325 ($4.27) and a one year high of GBX 509.05 ($6.70).
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In related news, insider Lily Liu acquired 10,000 shares of Xaar plc stock in a transaction on Friday, September 8th. The stock was acquired at an average price of GBX 411 ($5.41) per share, for a total transaction of £41,100 ($54,057.61).
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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