Xaar's (XAR) "Buy" Rating Reiterated at Berenberg Bank

Key Points

• Berenberg Bank reiterated a "Buy" rating on Xaar with a GBX 140 target price, implying about a 34.62% upside from the prior close.
• Shares opened at GBX 104 (up ~2.5%); Xaar reported GBX 1.10 quarterly EPS and shows negative ROE (-18.52%) and net margin (-18.65%), though analysts forecast roughly 4.97 EPS for the current fiscal year, with a market cap of £82.05m and a 52‑week range of GBX 59.60–148.

Xaar (LON:XAR - Get Free Report)'s stock had its "buy" rating reiterated by research analysts at Berenberg Bank in a research report issued to clients and investors on Tuesday,Digital Look reports. They currently have a GBX 140 target price on the stock. Berenberg Bank's price objective indicates a potential upside of 34.62% from the company's previous close.

Xaar Stock Up 2.5%

Shares of LON:XAR opened at GBX 104 on Tuesday. The company has a debt-to-equity ratio of 9.12, a quick ratio of 1.31 and a current ratio of 3.60. Xaar has a 52-week low of GBX 59.60 and a 52-week high of GBX 148. The business's 50 day simple moving average is GBX 111.94 and its two-hundred day simple moving average is GBX 116.90. The firm has a market cap of £82.05 million, a P/E ratio of -7.38, a PEG ratio of 3.73 and a beta of 0.81.

Xaar (LON:XAR - Get Free Report) last released its quarterly earnings data on Tuesday, March 24th. The company reported GBX 1.10 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, research analysts forecast 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.

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