Peel Hunt Downgrades Xaar plc (XAR) to Add

Xaar plc (LON:XAR) was downgraded by stock analysts at Peel Hunt to an “add” rating in a research report issued on Tuesday. They currently have a GBX 535 ($7.06) price objective on the stock, up from their previous price objective of GBX 470 ($6.20). Peel Hunt’s target price would suggest a potential upside of 8.08% from the company’s current price.

Xaar plc (LON:XAR) opened at 495.00 on Tuesday. The company’s market cap is GBX 378.02 million. Xaar plc has a 1-year low of GBX 325.00 and a 1-year high of GBX 509.05. The stock’s 50 day moving average price is GBX 453.26 and its 200-day moving average price is GBX 400.84.

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In other news, insider Lily Liu purchased 10,000 shares of the business’s stock in a transaction dated Friday, September 8th. The stock was acquired at an average price of GBX 411 ($5.42) per share, for a total transaction of £41,100 ($54,235.95).

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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