The stock of Xaar plc (LON:XAR) hit a new 52-week low and has GBX 343.98 target or 9.00% below today’s GBX 378.00 share price. The 6 months bearish chart indicates high risk for the GBX 293.40M company. The 1-year low was reported on Nov, 23 by Barchart.com. If the GBX 343.98 price target is reached, the company will be worth GBX 26.41 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock increased 0.80% or GBX 3 on November 23, hitting GBX 378. About 49,777 shares traded hands or 39.28% up from the average. Xaar plc (LON:XAR) has declined 21.18% since April 25, 2016 and is downtrending. It has underperformed by 26.51% the S&P500.
Xaar plc (LON:XAR) Ratings Coverage
Out of 6 analysts covering Xaar PLC (LON:XAR), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. GBX 600 is the highest target while GBX 500 is the lowest. The GBX 542 average target is 43.39% above today’s (GBX 378) stock price. Xaar PLC has been the topic of 29 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Investec maintained the stock with “Add” rating in Thursday, October 8 report. FinnCap maintained the stock with “Hold” rating in Wednesday, November 4 report. Peel Hunt maintained it with “Buy” rating and GBX 570 target price in Thursday, June 9 report. Jefferies maintained Xaar plc (LON:XAR) on Tuesday, January 26 with “Buy” rating. As per Thursday, February 11, the company rating was maintained by Investec. The company was maintained on Friday, October 16 by Liberum Capital. Liberum Capital maintained Xaar plc (LON:XAR) on Wednesday, November 4 with “Hold” rating. Jefferies maintained it with “Buy” rating and GBX 580 target price in Friday, June 3 report. FinnCap maintained it with “Hold” rating and GBX 500 target price in Wednesday, August 5 report. The stock of Xaar plc (LON:XAR) earned “Corporate” rating by N+1 Singer on Friday, October 21.
More recent Xaar plc (LON:XAR) news were published by: Fool.Co.Uk which released: “Why Xaar plc Crashed By More Than 30% Today” on October 02, 2014. Also Fool.Co.Uk published the news titled: “Is Now The Perfect Time To Buy Blinkx Plc, Xaar plc, Mulberry Group PLC And DX …” on July 24, 2015. Fool.Co.Uk‘s news article titled: “Genel Energy PLC, Xaar plc And Madagascar Oil Ltd: 3 Stocks To Help You Retire …” with publication date: January 13, 2016 was also an interesting one.
Xaar plc is engaged in the development of digital inkjet technology and manufacture of piezoelectric drop-on-demand industrial inkjet printheads. The company has a market cap of 293.40 million GBP. The Company’s divisions are product sales, commissions and fees, and royalties. It has a 19.21 P/E ratio. 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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