Jefferies Group Reiterates Buy Rating for Spectris plc (SXS)
Spectris plc (LON:SXS)‘s stock had its “buy” rating reaffirmed by research analysts at Jefferies Group in a report released on Monday, American Banking News.com reports. They currently have a GBX 2,690 ($45.31) price target on the stock. Jefferies Group’s price objective suggests a potential upside of 24.42% from the stock’s previous close.
Spectris plc (LON:SXS) opened at 2162.00 on Monday. Spectris plc has a 1-year low of GBX 1831.00 and a 1-year high of GBX 2572.00. The stock’s 50-day moving average is GBX 2277. and its 200-day moving average is GBX 2349.65. The company’s market cap is £2.566 billion.
A number of other analysts have also recently weighed in on SXS. Analysts at Barclays reiterated an “overweight” rating on shares of Spectris plc in a research note on Monday, May 12th. They now have a GBX 2,520 ($42.45) price target on the stock. Separately, analysts at Investec cut their price target on shares of Spectris plc from GBX 2,900 ($48.85) to GBX 2,775 ($46.74) in a research note on Friday, April 25th. They now have a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Spectris plc in a research note on Friday, April 25th. They now have a GBX 2,500 ($42.11) price target on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of GBX 2,630.38 ($44.30).
Spectris plc designs, develops and markets instrumentation and controls. It operates in four segments: Materials Analysis provides products that enable customers to assess structure, composition, quantity and quality of particles and materials, during their research and development (LON:SXS) process; Test and Measurement supplies test, measurement and analysis equipment and software for product design optimization, manufacturing control and environmental monitoring systems; In-line Instrumentation provides process analytical measurement, asset monitoring and on-line controls for both primary processing and the converting industries, and Industrial Controls provides products and solutions that monitor, control, inform, track and trace during the production process.
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