Spectris plc Receives “Hold” Rating from N+1 Singer (SXS)
Spectris plc (LON:SXS)‘s stock had its “hold” rating reaffirmed by equities research analysts at N+1 Singer in a research note issued to investors on Wednesday. They currently have a GBX 2,300 ($39.04) target price on the stock. N+1 Singer’s price objective would indicate a potential downside of 0.30% from the stock’s previous close.
Shares of Spectris plc (LON:SXS) traded up 0.53% during mid-day trading on Wednesday, hitting GBX 2319.3005. The stock had a trading volume of 155,033 shares. Spectris plc has a one year low of GBX 1831.00 and a one year high of GBX 2572.00. The stock has a 50-day moving average of GBX 2277. and a 200-day moving average of GBX 2345.38. The company’s market cap is £2.752 billion.
A number of other analysts have also recently weighed in on SXS. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Spectris plc in a research note on Monday. They now have a GBX 2,560 ($43.46) price target on the stock. Separately, analysts at Morgan Stanley initiated coverage on shares of Spectris plc in a research note on Friday, June 13th. They set an “overweight” rating and a GBX 2,680 ($45.49) price target on the stock. Finally, analysts at Liberum Capital reiterated a “buy” rating on shares of Spectris plc in a research note on Monday, June 9th. They now have a GBX 29 ($0.49) price target on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of GBX 2,453.86 ($41.65).
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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