Berenberg Bank Forecasts Strong Price Appreciation for Xaar (LON:XAR) Stock

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

Xaar Stock Performance

LON XAR opened at GBX 145.35 on Tuesday. The company has a quick ratio of 1.31, a current ratio of 2.23 and a debt-to-equity ratio of 14.77. Xaar has a twelve month low of GBX 96.33 and a twelve month high of GBX 165. The business has a 50-day moving average price of GBX 133.59 and a 200-day moving average price of GBX 125.01. The firm has a market cap of £122.27 million, a price-to-earnings ratio of -53.83, a price-to-earnings-growth ratio of 3.73 and a beta of 0.78.

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

Insider Transactions at Xaar

In related news, insider Daniel Dayan acquired 51,000 shares of the business’s stock in a transaction on Thursday, October 15th. The stock was acquired at an average cost of GBX 148 per share, with a total value of £75,480. 2.74% of the stock is currently 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.