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The Expert View: Xaar, HSBC and Anite

by Chris Marshall on Dec 10, 2013 at 05:01

Xaar shares tipped to soar even higher

Shares in Xaar (XAR.L), which have already shot up 300% over the past year, ‘can continue to perform’, say analysts at Numis, who have slapped an ‘add’ recommendation on the producer of inkjet printing heads.

Xaar is a favourite among several well-regarded fund managers. Ciytwire AA-rated fund manager fund manager Nigel Thomas owns nearly 10% of Xaar in his AXA Framlington UK Select Opportunities Fund. He has held the shares for over ten years and recently topped up his holding, arguing that Xaar counts among a growing band of companies that are paying more attention to long-term shareholder returns.

Numis analysts Scott Cagehin and David Larkham wrote: ‘We believe that investing in Xaar gives exposure to a well invested, high returns business that has the potential to capitalise on strong growth dynamics in its end markets.’

‘We believe that Xaar can generate good growth in the medium-term with the optionality of accelerated growth, once again, as further markets convert to digital printing.’

The pair have given Xaar a target price of £12.00. Xaar shares rose 4.3% on Monday to £11.11.

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