Berenberg Bank Reaffirms “Buy” Rating for Xaar (LON:XAR)

Xaar (LON:XAR)‘s stock had its “buy” rating reaffirmed by equities research analysts at Berenberg Bank in a note issued to investors on Tuesday,London Stock Exchange reports. They presently have a GBX 140 target price on the stock. Berenberg Bank’s target price would suggest a potential upside of 17.25% from the stock’s current price.

Xaar Trading Down 0.3%

Shares of Xaar stock opened at GBX 119.40 on Tuesday. The stock has a fifty day simple moving average of GBX 127.22 and a 200 day simple moving average of GBX 123.08. Xaar has a 12-month low of GBX 96.33 and a 12-month high of GBX 150. The company has a market capitalization of £93.70 million, a P/E ratio of -27.77, a price-to-earnings-growth ratio of 3.73 and a beta of 0.78. The company has a current ratio of 2.55, a quick ratio of 1.31 and a debt-to-equity ratio of 9.54.

Xaar Company Profile

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.