Xaar (LON:XAR) Receives Buy Rating from Berenberg Bank

Berenberg Bank restated their buy rating on shares of Xaar (LON:XAR) in a research report sent to investors on Tuesday, Marketbeat.com reports. They currently have a GBX 140 price objective on the stock.

Xaar Price Performance

Shares of LON XAR opened at GBX 103.75 on Tuesday. The stock’s 50-day simple moving average is GBX 111.98 and its two-hundred day simple moving average is GBX 116.71. Xaar has a twelve month low of GBX 59.60 and a twelve month high of GBX 148. The firm has a market capitalization of £81.85 million, a P/E ratio of -7.36, a P/E/G ratio of 3.73 and a beta of 0.81. The company has a quick ratio of 1.31, a current ratio of 3.60 and a debt-to-equity ratio of 9.12.

Xaar (LON:XAR) last issued its quarterly earnings results on Tuesday, March 24th. The company reported GBX 1.10 earnings per share (EPS) for the quarter. Xaar had a negative return on equity of 18.52% and a negative net margin of 18.65%. As a group, equities analysts anticipate that Xaar will post 4.968795 EPS for the current fiscal year.

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.