Xaar plc (LON:XAR) was downgraded by equities researchers at Peel Hunt to an “add” rating in a research note issued to investors on Tuesday. They currently have a GBX 535 ($7.06) target price on the stock, up from their prior target price of GBX 470 ($6.20). Peel Hunt’s target price would suggest a potential upside of 9.35% from the company’s previous close.
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In related news, insider Lily Liu acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The stock was acquired at an average cost 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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