Berenberg Bank Issues Positive Forecast for Xaar (LON:XAR) Stock Price

Xaar (LON:XAR) had its target price lifted by analysts at Berenberg Bank from GBX 140 to GBX 190 in a note issued to investors on Tuesday, London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Berenberg Bank‘s target price would indicate a potential upside of 30.72% from the stock’s previous close.

Xaar Price Performance

LON:XAR opened at GBX 145.35 on Tuesday. The business’s 50-day moving average is GBX 133.59 and its 200 day moving average is GBX 125.01. Xaar has a 12 month low of GBX 96.33 and a 12 month high of GBX 165. The company has a market capitalization of £122.27 million, a P/E ratio of -53.83, a P/E/G ratio of 3.73 and a beta of 0.78. The company has a current ratio of 2.23, a quick ratio of 1.31 and a debt-to-equity ratio of 14.77.

Xaar (LON:XAR) last released its quarterly earnings results on Tuesday, August 4th. The company reported GBX (1.80) earnings per share for the quarter. Xaar had a negative net margin of 3.36% and a negative return on equity of 3.80%. On average, equities research analysts forecast that Xaar will post 4.97 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Daniel Dayan bought 51,000 shares of the stock in a transaction dated Thursday, October 15th. The stock was purchased at an average cost of GBX 148 per share, for a total transaction of £75,480. 2.74% of the stock is owned by company insiders.

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.