Key Points
- Xaar insider Daniel Dayan purchased 51,000 shares at GBX 148 each, representing a total investment of £75,480.
- Xaar shares opened at GBX 157, up 5.0%, near their 52-week high of GBX 158.25. The company reported a quarterly loss of GBX 1.80 per share and continues to post negative margins.
- Berenberg reiterated a “Buy” rating, while the analyst consensus remains “Buy” with an average price target of GBX 140.
Xaar plc (LON:XAR - Get Free Report) insider Daniel Dayan bought 51,000 shares of the company's stock in a transaction dated Thursday, October 15th. The stock was bought at an average price of GBX 148 per share, for a total transaction of £75,480.
Xaar Stock Up 5.0%
XAR stock opened at GBX 157 on Friday. Xaar plc has a 52 week low of GBX 96.33 and a 52 week high of GBX 158.25. The company has a quick ratio of 1.31, a current ratio of 2.23 and a debt-to-equity ratio of 14.77. The firm has a 50-day simple moving average of GBX 129.86 and a 200-day simple moving average of GBX 129.54. The stock has a market capitalization of £132.07 million, a P/E ratio of -58.15, a P/E/G ratio of 3.73 and a beta of 0.78.
Xaar (LON:XAR - Get Free Report) last issued 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%. Equities analysts forecast that Xaar plc will post 4.97 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 140 price objective on shares of Xaar in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of GBX 140.
Get Our Latest Stock Analysis on Xaar
Xaar Company Profile
(
Get Free Report)
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.
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