Xaar (LON:XAR) Receives “Buy” Rating from Jefferies Financial Group

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Jefferies Financial Group reaffirmed their buy rating on shares of Xaar (LON:XAR) in a research report report published on Wednesday, September 5th. They currently have a GBX 490 ($6.38) price target on the stock.

Separately, Peel Hunt reduced their target price on Xaar from GBX 300 ($3.91) to GBX 230 ($3.00) and set a hold rating on the stock in a research note on Tuesday, July 3rd.

Xaar stock traded down GBX 0.60 ($0.01) during trading hours on Wednesday, reaching GBX 170.40 ($2.22). The company had a trading volume of 235,279 shares, compared to its average volume of 48,106. Xaar has a 12-month low of GBX 272.95 ($3.56) and a 12-month high of GBX 509.05 ($6.63).

The company also recently declared a dividend, which will be paid on Friday, October 12th. Investors of record on Thursday, September 13th will be given a dividend of GBX 1 ($0.01) per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a dividend yield of 0.54%.

About Xaar

Xaar plc develops digital inkjet technology in Europe, the Middle East, Africa, Asia, and the Americas. It operates in two segments, Product Sales, Commissions and Fees; and Royalties. The company designs and manufactures piezoelectric drop-on-demand industrial inkjet print heads, product decoration systems, industrial 3d printing systems, inks and fluids, and systems components.

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