Xaar’s (XAR) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Xaar (LON:XAR) in a research report released on Tuesday morning, MarketBeat reports. Berenberg Bank currently has a GBX 140 price objective on the stock.

Xaar Price Performance

XAR opened at GBX 119.76 on Tuesday. The company has a debt-to-equity ratio of 9.54, a quick ratio of 1.31 and a current ratio of 2.55. Xaar has a 52-week low of GBX 96.33 and a 52-week high of GBX 150. The stock has a market capitalization of £93.98 million, a PE ratio of -27.85, a price-to-earnings-growth ratio of 3.73 and a beta of 0.79. The stock’s 50 day moving average price is GBX 126.17 and its 200-day moving average price is GBX 123.30.

Xaar (LON:XAR) last announced its earnings results on Tuesday, August 4th. The company reported GBX (1.80) EPS for the quarter. Xaar had a negative net margin of 5.65% and a negative return on equity of 5.90%. On average, equities research analysts predict that Xaar will post 4.968795 EPS for the current year.

About Xaar

Xaar plc designs, develops, manufactures, markets, and sells printheads and associated products in Europe, the Middle East, Africa, Asia, and the Americas. It operates through four segments: Printhead, Product Print Systems, Digital Imaging, and Ink Supply Systems segments. The company offers print head products; digital imaging solutions, comprising digital inkjet label presses and digital pathology scanners; industrial ink management and supply systems for digital inkjet; electronic products; industrial printing machines; and system components, such as ink system test kit, print manager, hydra ink supply system, midas ink supply system, inkjet development system, head personality card 1000, and 2001+ head personality card.