Spectris plc Upgraded to Outperform by Credit Suisse (SXS)
Spectris plc (LON:SXS) was upgraded by equities researchers at Credit Suisse to an “outperform” rating in a research report issued on Friday. The firm currently has a GBX 125 ($2.10) price target on the stock, up from their previous price target of GBX 100 ($1.68). Credit Suisse’s target price suggests a potential downside of 94.52% from the company’s current price.
Spectris plc (LON:SXS) opened at 2298.00 on Friday. Spectris plc has a 1-year low of GBX 1831.00 and a 1-year high of GBX 2572.00. The stock has a 50-day moving average of GBX 2258. and a 200-day moving average of GBX 2346.41. The company’s market cap is £2.727 billion.
A number of other firms have also recently commented on SXS. Analysts at Jefferies Group reiterated a “buy” rating on shares of Spectris plc in a research note on Monday, May 12th. They now have a GBX 2,690 ($45.28) price target on the stock. Separately, 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 ($42.42) price target on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Spectris plc currently has a consensus rating of “Buy” and a consensus target price of GBX 2,443.08 ($41.12).
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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